EC moots postponing 122 delegated acts to cut compliance costs
Secondary legislation from CRR, Emir and Mifir identified as suitable for unspecified delay
European Commission officials are considering whether to delay up to 122 legislative acts, as a way to cut compliance costs for the EU’s financial sector.
A document seen by Risk.net, dated May 15, states the EC has analysed 430 level delegated acts it must adopt in the next few years, in a bid to identify ones that aren’t essential to the functioning of primary legislation and so could be delayed
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