Monday December 4 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: European Union
Link: https://ec.europa.eu/info/consultations/finance-2017-supervisory-reporting-requirements_en
The European Commission has launched a consultation which assesses the current supervisory reporting requirements and the costs associated with these.
The Consultation is aimed primarily at stakeholders directly or indirectly involved in supervisory reporting, either on the reporting side or on the side receiving and/or processing the reported data; financial institutions, non-financial institutions undertaking securities or derivative transactions, central counterparties (CCPs), trade repositories, trading venues, national and EU supervisory and regulatory bodies.
The consultation aims to gather evidence on the cost of compliance with existing EU-level supervisory reporting requirements (in force as of the end of 2016), as well as on the consistency, coherence, effectiveness, efficiency, and EU added value of those requirements.
The outcome of the Consultation will be to find ways in which supervisory reporting could be simplified and streamlined.
The deadline for submissions is the 28th February 2018.
For additional information please click the link above