• The government will send a proposal for a law on the implementation of the European regulation on OTC derivatives, central counterparties and trade repositories into urgent procedure.
  • The aim of the regulation is to reduce dependence on clearing infrastructure outside the EU, strengthen supervisory mechanisms and increase transparency of the derivatives market.
  • The Ministry of Finance says that European financial derivatives markets largely rely on central counterparty (CCP) clearing systems outside the EU, which may pose a risk to financial system stability.
  • The government will also send amendments to the Capital Market Act to parliamentary procedure.
  • Also on the agenda is a proposal for a regulation on the content, method of collection and processing, storage and data protection measures in the Register of Employees and centralized payroll calculation in state and public services.

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