On 4 December 2024, there was published in the Official Journal of the EU (OJ):
- Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024 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.
- Directive (EU) 2024/2994 of the European Parliament and of the Council of 27 November 2024 amending Directives 2009/65/EC, 2013/36/EU and (EU) 2019/2034 as regards the treatment of concentration risk arising from exposures towards central counterparties and of counterparty risk in centrally cleared derivative transactions.
Next steps
Regulation (EU) 2024/2987 enters into force on the twentieth day following its publication in the OJ (24 December 2024).
It shall apply from 24 December 2024 except for certain provisions which will not apply until the date of entry into force of certain technical standards.
Member States are expected to transpose Directive (EU) 2024/2994 by 25 June 2026.