Measures to mitigate excessive exposures to third-country central counterparties and improve the efficiency of Union clearing markets
Amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards measures to mitigate excessive exposures to third-country central counterparties and improve the efficiency of Union clearing markets
- Stage
- In force, reached 4 Dec 2024
- In force
- In force since 24 Dec 2024 · CELEX 32024R2987
- Procedure
- Ordinary legislative procedure
- Rapporteur
- Danuta Maria Hübner (EPP)
- Lead DG
- DG FISMA
- Commissioner
- Mairead McGuinness
- Last activity
- 4 Dec 2024
Where it stands
Latest: Published in the Official Journal, 4 Dec 2024.
ShowHide the earlier record: 12 dates, 8 Dec 2022 to 14 Feb 2024
- 8 Dec 2022
- Adoption of legislative proposal by the Commission
- 12 Dec 2022
- Discussions within the Council or its preparatory bodies
- 1 Feb 2023
- Referred to committee
- 28 Mar 2023
- Discussions within the Council or its preparatory bodies
- 13 Jun 2023
- Committee report tabled
- EP committee draft report
- 19 Jul 2023
- Discussions within the Council or its preparatory bodies
- 28 Nov 2023
- Committee report adopted
- 5 Dec 2023
- Tabled for plenary
- 6 Dec 2023
- Adoption of negotiating mandate by Coreper
- 11 Dec 2023
- Plenary sitting
- 13 Dec 2023
- Plenary endorsed the trilogue mandate
- 14 Feb 2024
- Endorsement of the provisional agreement by Coreper
- 19 Feb 2024
- Discussions within the Council or its preparatory bodies
- 4 Mar 2024
- Committee approved the provisional agreement
- 16 Apr 2024
- Discussions within the Council or its preparatory bodies
- 24 Apr 2024
- EP position at first reading
- Plenary amended the proposal
- Plenary vote
- 18 Jun 2024
- Discussions within the Council or its preparatory bodies
- 19 Nov 2024
- Approval of the EP's first reading position by the Council (adoption of the legislative act)
- 27 Nov 2024
- Signed
- 4 Dec 2024
- Published in the Official Journal
Who is on it
The Parliament's rapporteurs, shadow rapporteurs and opinion rapporteurs currently on this file.
| Role | Name | Group | Country | Committee |
|---|---|---|---|---|
| Rapporteur | Danuta Maria Hübner | EPP | PL | ECON |
| Shadow rapporteur | Aurore Lalucq | S&D | FR | ECON |
| Shadow rapporteur | Claude Gruffat | Greens/EFA | FR | ECON |
| Shadow rapporteur | Dorien Rookmaker | ECR | NL | ECON |
| Shadow rapporteur | Erik Poulsen | Renew | DK | ECON |
| Shadow rapporteur | José Gusmão | The Left | PT | ECON |
Amendments
Tabled on 15 Apr 2024. The texts are in the amendment documents below.
By author
- Irene Tinagli1
Amendments each member tabled or co-signed.
By article
- –1
Documents
Newest first. Each opens at its source.
- Report · A9-0398/2023Parliament
- Proposal · COM(2022)0697Parliament
- Text adopted · Corrigendum to final act 32024R2987R(02)Commission
- Text adopted · Corrigendum to final act 32024R2987R(03)Commission
- OJ C 204 12.06.2023, p. 0003Commission
- Text adopted · OJ L 04.12.2024Commission
- Text adopted · OJ L 26.05.2025Commission
- Text adopted · OJ L 27.06.2025Commission
- Report · PE749.908Parliament
- Amendments · PE751.545Parliament
- Amendments · PE751.629Parliament
- Agenda · PE759.077Parliament
- Agenda · PE759.078Parliament
- Text adopted · Regulation 2024/2987Commission
- Text adopted · SP(2024)394Parliament
- Text adopted · T9-0348/2024Parliament
Summary
GeneratedThis regulation reduces EU financial institutions' over-reliance on third-country central counterparties (CCPs), primarily in the UK, by introducing an active account requirement for certain clearing activities. It amends EMIR, CRR, and MMF regulations to strengthen the attractiveness and resilience of the EU's own clearing market. Banks, investment firms, and CCPs are directly affected.
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Sources: EP Legislative Observatory · EUR-Lex. Record as of 14 Sept 2026. Something wrong on this page? Report an error.
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