The proposed amendments are limited in scope and concern the practical arrangements for the functioning of the college regarding:
· voting procedures;
· the procedures for setting the agenda of college meetings;
· review and evaluation of the arrangements, strategies, processes and mechanisms implemented by the CCP and the risks to which the CCP is exposed;
· the minimum timeframes for the assessment of the relevant documentation by the college members; and
· the modalities of communication between college members.
The draft RTS proposals amend the Commission Delegated Regulation (EU) No 876/2013 (RTS on colleges for central counterparties) and reflect the changes to Article 18(6) of EMIR (Regulation (EU) No 648/2012) introduced by EMIR 2.2 (Regulation (EU) No 2019/2099) which entered into force on 1 January 2020.
Next steps
Following the endorsement of the draft RTS by the European Commission, the Commission Delegated Regulation will then be subject to the non-objection of the European Parliament and of the Council.
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