The Capital Requirements Regulation exempts commodity dealers from large exposure requirements and from own funds requirements until 31 December 2017. It also requires the Commission to prepare, by 31 December 2015, reports on the prudential supervision of commodity dealers and of investment firms in general. That Commission review is still underway.
The Permanent Representatives Committee has now agreed, on behalf of the Council of the EU, to extend the exemption for commodity dealers until 31 December 2020. A proposed Regulation extending the deadline will be submitted to the European Parliament for approval at first reading and then to the Council for adoption. The European Parliament’s ECON committee backed the extension on 7 March 2016.
View Commodity dealers: Council agrees to extend exemption, 23 March 2016