On 17 June 2019 EMIR REFIT partly entered into force. EMIR REFIT includes amendments with respect to the clearing requirement, the reporting requirement and requirements with respect to risk mitigation concerning non-cleared OTC derivatives.
Banking package adopted The final text of directive (EU) 2019/878 (CRD 5), regulation (EU) 2019/876 (CRR 2), directive (EU) 2019/879 (BRRD 2) and regulation (EU) 2019/877 (SRMR 2) was published in the Official Journal of the EU on 7 June 2019. CRD 5 and BRRD 2 will need to be transposed into national legislation by the end of next year. The majority of the amendments to CRR will apply from mid 2021.
Consultation launched for lower initial threshold for notification substantial shareholdings (the Netherlands) A consultation has been launched proposing to lower the initial notification threshold of a ‘substantial’ shareholding, voting rights or gross short position from 3% to 2% in the issued capital of a qualifying listed company. The existing thresholds