Procedure

Exemption of certain third country spot foreign exchange benchmarks and the designation of replacements for certain benchmarks in cessation

2020/0154(COD)·9th term·ECON·COD - Ordinary legislative procedure (ex-codecision procedure)·CompletedProcedure completed

Subjects: Securities and financial markets, stock exchange, CIUTS, investments · Banks and credit · Financial services, financial reporting and auditing · Financial supervision · Cooperation between administrations · Consumers' economic and legal interests

Rapporteur (the Member appointed to lead Parliament's work on this text): NAGTEGAAL Caroline (Renew)

Summary

The dossier concerns the exemption of certain third-country spot foreign exchange benchmarks and the designation of replacements for certain benchmarks in cessation. The amendments cover non-deliverable currency forwards and swaps, the cessation of LIBOR announced by the UK Financial Conduct Authority, the Commission's power to designate replacement benchmarks where cessation would disrupt financial markets, contractual fallback provisions and spread adjustments, and the scope of interest-rate and third-country benchmarks.

Amendments

distinct, in window

Members

tabled at least one

Committee(s)

29 Oct 2020

Dates

Plenary votes

1 roll-call votes

In plenary, Parliament usually votes in steps: first on amendments to the text (sometimes split into parts, so Members can accept one half of a sentence and reject the other), then on the text as a whole. The “main vote” is the one that adopts or rejects the text itself. Each vote below shows exactly which step it was. How voting works →

19 Jan 2021Passedoutcome from totals
On amendment 2
Official label: Am 2 · what was voted ↗
592 for3 against98 abstentions10 did not vote
For
Against
Abst.
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