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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPR publishes annual DB funding statement

TPR publishes annual DB funding statement

TPR offers three different strategies for schemes depending on funding levels

Jasmine Urquhart
clock 24 April 2024 • 4 min read
Court adjourns proceedings against former sports centre director

Court adjourns proceedings against former sports centre director

TPR prosecution against former director of 1066 Target Sports adjourned for ten weeks

Martin Richmond
clock 16 April 2024 • 1 min read
Rory Murphy: The case for a permanent pensions commission

Rory Murphy: The case for a permanent pensions commission

Setting up an ongoing vehicle for reviewing the retirement savings landscape

Rory Murphy
clock 15 April 2024 • 4 min read
Trustpilot