CRR: EU Parliament publishes report on proposal for a regulation as regards exemptions for commodity dealers

The EU Parliament has published a report on the proposal for a regulation amending the Capital Requirements Regulation (CRR) to extend existing exemptions for commodity dealers from large exposures requirements and from own funds requirements.

The exemptions, due to expire on 31 December 2017, were included in the CRR in order to allow regulators to determine a prudential regulation adapted to the risk profile of commodity dealers. The Commission's review on an appropriate regime is underway but will not be completed before the end of 2016, and it is unlikely that any resulting legislation will be prepared, adopted, and applied before the current exemption expires.