Changes from plenary report to adopted text

Removed"2. The Authority shall act within the powers conferred by this Regulation and within the scope of Directives 97/9/EC, 98/26/EC, 2001/34/EC, 2002/47/EC, 2004/109/EC, 2009/65/EC, Directive 2011/61/EU of the European Parliament and of the Council ( 1 ), Regulation (EC) No 1060/2009 and Directive 2014/65/EU of the European Parliament and of the Council ( 2 ), Regulation (EU) 648/2012 of the European Parliament and of the Council (*), Regulation (EU) 2017/1129 of the European Parliament and of the Council ( 3 ), and to the extent that those acts apply to firms providing investment services or to collective investment undertakings marketing their units or shares and the competent authorities that supervise them, within the relevant parts of, Directives 2002/87/EC and 2002/65/EC, including all directives, regulations, and decisions based on those acts, and of any further legally binding Union act which confers tasks on the Authority.

Removed__________________

Removed* Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).”

RemovedEntry into force and application

RemovedThis Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

RemovedThis Regulation shall be binding in its entirety and directly applicable in all Member States.

RemovedDone at Brussels,

RemovedFor the Commission

RemovedThe President Ursula VON DER LEYEN

RemovedLEGISLATIVE FINANCIAL STATEMENT

Removed1. FRAMEWORK OF THE PROPOSAL/INITIATIVE

Removed1.1. Title of the proposal/initiative

Removed1.2. Policy area(s) concerned

Removed1.3. The proposal/initiative relates to:

Removed1.4. Objective(s)

Removed1.4.1. General objective(s)

Removed1.4.2. Specific objective(s)

Removed1.4.3. Expected result(s) and impact

Removed1.4.4. Indicators of performance

Removed1.5. Grounds for the proposal/initiative

Removed1.5.1. Requirement(s) to be met in the short or long term including a detailed timeline for roll-out of the implementation of the initiative

Removed1.5.2. Added value of Union involvement (it may result from different factors, e.g. coordination gains, legal certainty, greater effectiveness or complementarities). For the purposes of this point 'added value of Union involvement' is the value resulting from Union intervention which is additional to the value that would have been otherwise created by Member States alone.

Removed1.5.3. Lessons learned from similar experiences in the past

Removed1.5.4. Compatibility with the Multiannual Financial Framework and possible synergies with other appropriate instruments

Removed1.5.5. Assessment of the different available financing options, including scope for redeployment

Removed1.6. Duration and financial impact of the proposal/initiative

Removed1.7. Management mode(s) planned

Removed2. MANAGEMENT MEASURES

Removed2.1. Monitoring and reporting rules

Removed2.2. Management and control system(s)

Removed2.2.1. Justification of the management mode(s), the funding implementation mechanism(s), the payment modalities and the control strategy proposed

Removed2.2.2. Information concerning the risks identified and the internal control system(s) set up to mitigate them

Removed2.2.3. Estimation and justification of the cost-effectiveness of the controls (ratio of "control costs ÷ value of the related funds managed"), and assessment of the expected levels of risk of error (at payment & at closure)

Removed2.3. Measures to prevent fraud and irregularities

Removed3. ESTIMATED FINANCIAL IMPACT OF THE PROPOSAL/INITIATIVE

Removed3.1. Heading(s) of the multiannual financial framework and expenditure budget line(s) affected

Removed3.2. Estimated financial impact of the proposal on appropriations

Removed3.2.1. Summary of estimated impact on operational appropriations

Removed3.2.2. Estimated output funded with operational appropriations

Removed3.2.3. Summary of estimated impact on administrative appropriations

Removed3.2.4. Compatibility with the current multiannual financial framework

Removed3.2.5. Third-party contributions

Removed3.3. Estimated impact on revenue

RemovedLEGISLATIVE FINANCIAL STATEMENT

RemovedFRAMEWORK OF THE PROPOSAL/INITIATIVE

Removed1.1. Title of the proposal/initiative

RemovedProposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 Text with EEA relevance.

Removed1.2. Policy area(s) concerned

RemovedInternal Market – Financial Services.

Removed1.3. The proposal/initiative relates to:

Removeda new action

Removeda new action following a pilot project/preparatory action

Removedthe extension of an existing action

Removeda merger or redirection of one or more actions towards another/a new action

Removed1.4. Objective(s)

Removed1.4.1. General objective(s)

RemovedPromote financial stability and strengthen the Capital Markets Union (CMU).

Removed1.4.2. Specific objective(s)

RemovedThis proposal has the following specific objectives to achieve the general objectives for the EU internal market for central clearing services:

Removed- Encourage clearing at EU CCPs and reduce excessive reliance on systemic non-EU CCP by building a more attractive and robust EU clearing market.