Pension funds in limbo as EC leaves Emir exemption gap

Schemes could be subject to CVA charge for period of weeks or months

clock

UK schemes could be subject to unexpected extra charges on derivative trades after the European Commission (EC) left it too late to extend their exemption from central clearing regulations.

Pension funds across Europe find themselves in a weird, legislative grey area, after the commission extended a key exemption too late. The safe harbour may take effect in days or in months, and in ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

PensionBee petitions government on ten-day pension switch guarantee

PensionBee petitions government on ten-day pension switch guarantee

Campaign for legally enforceable guarantee calls for action on pension transfer delays

Sahar Nazir
clock 04 August 2025 • 2 min read
The future of professional trustees and the schemes they serve

The future of professional trustees and the schemes they serve

Alison Hatcher assesses TPR’s vision for the future and how professional trustees can help achieve it

Alison Hatcher
clock 01 August 2025 • 4 min read
Treat climate change and nature loss as 'core financial risks', TPR says

Treat climate change and nature loss as 'core financial risks', TPR says

TPR urges trustees to challenge advisers and FMs on risks, use regulatory frameworks and build ESG

Jasmine Urquhart
clock 31 July 2025 • 1 min read
Trustpilot