14/07/2020 (Agence Europe) – On Tuesday, 14 July, the European Commission adopted three delegated acts concerning the supervision of non-EU central counterparties (CCPs) that provide services to EU companies. The draft texts were subject to public consultation until 9 July (see EUROPE 12504/21). According to the Commission, these new rules aim to improve the EU’s capacity to manage and cope with external risks to the financial system. Moreover, one of the delegated regulations specifies the criteria that the European Securities and Markets Authority (ESMA) must take into consideration in order to determine whether a CCP established in a non-EU country is likely to have systemic relevance for the financial stability of the Union. The texts will be adopted if the European Parliament and the Council of the EU have no objections. See the texts: https://bit.ly/3gYjocu (MF)