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Image header Agence Europe
Europe Daily Bulletin No. 13230
Contents Publication in full By article 26 / 28
NEWS BRIEFS / Money laundering

ESMA withdraws decisions to recognise clearing houses because of inclusion of United Arab Emirates on European ‘blacklist’

26/07/2023 (Agence Europe) – On Tuesday 25 July, the European Securities and Markets Authority (ESMA) withdrew the recognition decisions of the three clearing houses (CCPs) established in the United Arab Emirates, including the Dubai International Financial Centre: Dubai Commodities Clearing Corporation, Dubai Clear LLC and Nasdaq Dubai Ltd. In accordance with the ‘EMIR’ regulation on European capital markets infrastructure, ESMA had to make this withdrawal following the addition by the European Commission in March of the United Arab Emirates to the ‘blacklist’ of high-risk third countries with strategic deficiencies in their national anti-money laundering and combating terrorist financing regimes (see EUROPE 13113/13). To minimise potential market disruption, ESMA has provided for a three-month adjustment period. The decisions to withdraw recognition will therefore come into force on Wednesday 25 October. (AD)

Contents

BEACONS
Beacons: a look at the circular economy (1/2)
INSTITUTIONAL
EUROPEAN PARLIAMENT: agreement in EU Council on European Parliament chamber set at 720 MEPs for 2024-2029 legislature
SECTORAL POLICIES
CIVIL PROTECTION: wildfires, EU supplies two Canadairs to Tunisia and continues its aid to Greece
RESEARCH: science diplomacy, PRIMA, nuclear fusion and Horizon Europe on agenda of informal meeting of research ministers
MIGRATION: crisis management and instrumentalisation of migration, Spanish Presidency of EU Council has yet to obtain a mandate from Member States
MIGRATION: European Ombudsman opens inquiry into Frontex’s actions during migrant boat sinking off Greek coast in June
AGRICULTURE: EU Council generally satisfied with proposals on seeds and forest reproductive material
AGRICULTURE: EU agri-food exports back to April 2022 levels, according to European Commission
SEA: Commissioner Sinkevičius to convene a meeting of EU ministers at end of September to assess situation in Baltic Sea
TRANSPORT: European Commission reviews rules on air traffic management and air navigation services
ENERGY: European Economic and Social Committee says that EU must do more to tackle energy poverty
CLIMATE: European Commission strengthens strategies for adapting to climate change with new guidelines
CLIMATE: European ‘LIFE-myBUILDINGisGREEN’ project enabled Spanish school to reduce temperature in its classrooms by 11% to 15%
BIODIVERSITY: EU launches public awareness campaign on plant health risks
Russian invasion of Ukraine
BELARUS: EU countries give go-ahead for new restrictive measures
NATO: Allies denounce Russia’s withdrawal from Black Sea Grain Initiative
CSDP: Anna Fotyga believes EUMAM mission is doing good work
STATE AID: European Commission approves Czech aid worth €5 billion to support major energy producers
EXTERNAL ACTION
SERBIA/KOSOVO: according to Albin Kurti, there can be no new elections in north of Kosovo without de-escalation and lifting of EU measures against Pristina
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: existence of “news deserts” in Europe is linked to lack of funding for independent local media
FUNDAMENTAL RIGHTS: Qur’ans burnt in Sweden and Denmark, Josep Borrell condemns all forms of incitement to religious hatred in EU
SOCIAL AFFAIRS
SOCIAL: European Commission launches second phase of consultation on a future revision of European Works Councils Directive
ECONOMY - FINANCE - BUSINESS
COMPETITION: acquisition of Lagardère by Vivendi, European Commission opens an investigation into possible notification and suspension deficiencies
ECB: Greenpeace believes ECB must act more quickly and actively to decarbonise corporate bond portfolio
NEWS BRIEFS
BANKS: European Banking Authority report on treatment of interrelated assets and liabilities
MONEY LAUNDERING: ESMA withdraws decisions to recognise clearing houses because of inclusion of United Arab Emirates on European ‘blacklist’
CLIMATE: in face of growing number of disasters, European Green Party denounces inaction of Italian government and conservatives
BUSINESS/FINANCE: international financial market regulators approve IFRS sustainability reporting standards