Eligible for intervention meaning

Financial services developments ESMA consults on CCP collateral and investment policy standards following EMIR 3 review The European Securities and Markets Authority (ESMA) has initiated a public consultation on draft regulatory technical standards (RTS) to amend Commission Delegated Regulation 153/2013, following the European Market Infrastructure Regulation (EMIR 3) review. The call for input invites feedback on: conditions for central counterparties (CCPs) to accept public guarantees, public bank guarantees and commercial bank guarantees as collateral; criteria under which debt instruments qualify as eligible financial instruments within CCP investment policy; highly secured arrangements for emission allowances lodged as margins or default fund contributions. EMIR 3 makes permanent a broader range of guarantees eligible as collateral and extends scope to clients of CCPs that are non-financial counterparties. The consultation closes on 30 April 2026, with ESMA submitting final draft RTS to European Commission by end-2026...

EU financial services developments ESMA consults on CCP collateral and investment policy standards following EMIR 3 review The European Securities and Markets Authority (ESMA) has opened a public consultation on draft regulatory technical standards (RTS) intended to amend Commission Delegated Regulation 153/2013, following the European Market Infrastructure Regulation (EMIR 3) review process. It also invites feedback on the circumstances under which central counterparties (CCPs) may accept public guarantees, public bank guarantees, and commercial bank guarantees as collateral; the criteria under which debt instruments qualify as eligible financial instruments for a CCP’s investment policy; and the use of highly secured arrangements for emission allowances lodged as margins or default fund contributions. EMIR 3 permanently widens the categories of guarantees recognised as eligible collateral and expands the framework to include clients of CCPs that are non-financial counterparties. The call for input closes on 30 April 2026, with ESMA expected to submit the final draft RTS to the European Commission for consideration by end-2026...

In this issue: The Pensions Regulator The Pension Protection Fund The Pensions Ombudsman Scheme amendments Members and benefits Pensions and divorce Pensions Highlights 2024/2025 Daily and weekly news alerts Dates for your diary Trackers The Pensions Regulator The Pensions Regulator (TPR) has issued its annual report and accounts for 2023/24, signalling a reshaped approach and seizing a ‘unique opportunity’ to improve pension outcomes for savers. Over the year, TPR brought in more agile market supervision to reflect a landscape of fewer, larger schemes, enabling it to tackle emerging risks while backing innovation in savers’ interests. Twenty-five per cent of schemes were selected for intervention, relationship supervision covered 70% of memberships, and 11 million eligible jobholders have now been automatically enrolled into an automatic enrolment pension scheme. Ongoing consolidation creates scope for larger schemes to allocate to a broader mix of assets and secure better member outcomes, and TPR remains focused on protecting savers, strengthening...