Thursday May 4 2017
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: European Union
Link: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32017R0747&from=EN
On 29th April 2017, the European Commission published the Commission Delegated Regulation (EU) 2017/747 supplementing Regulation (EU) No 806/2014 of the European Parliament and the Council with regard to the criteria relating to the calculation of ex ante contributions, and on the circumstances and conditions under which the payment of extraordinary ex post contributions may be partially or entirely deferred.
This Regulation lays down rules specifying:
- the criteria for the spreading out in time of the contributions to the Fund pursuant to Article 69(2) of Regulation (EU) No 806/2014;
- the criteria for determining the number of years by which the initial period referred to in Article 69(1) of Regulation No (EU) 806/2014 can be extended in accordance with Article 69(3) of Regulation No (EU) 806/2014;
- the criteria for establishing the annual contributions provided for in Article 69(4) of Regulation No (EU) 806/2014;
- the circumstances and conditions under which the payment of extraordinary ex post contributions may be partially or entirely deferred pursuant to Article 71(2) of Regulation No (EU) 806/2014.
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
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