What changed between the plenary report and the adopted text

Removed:"2. The Authority shall act within the powers conferred by this Regulation and within the scope of Directives 97/9/EC, 98/26/EC, 2001/34/EC, 2002/47/EC, 2004/109/EC, 2009/65/EC, Directive 2011/61/EU of the European Parliament and of the Council ( 1 ), Regulation (EC) No 1060/2009 and Directive 2014/65/EU of the European Parliament and of the Council ( 2 ), Regulation (EU) 648/2012 of the European Parliament and of the Council (*), Regulation (EU) 2017/1129 of the European Parliament and of the Council ( 3 ), and to the extent that those acts apply to firms providing investment services or to collective investment undertakings marketing their units or shares and the competent authorities that supervise them, within the relevant parts of, Directives 2002/87/EC and 2002/65/EC, including all directives, regulations, and decisions based on those acts, and of any further legally binding Union act which confers tasks on the Authority.

Removed:__________________

Removed:* Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).”

Removed:Entry into force and application

Removed:This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Removed:This Regulation shall be binding in its entirety and directly applicable in all Member States.

Removed:Done at Brussels,

Removed:For the Commission

Removed:The President Ursula VON DER LEYEN

Removed:LEGISLATIVE FINANCIAL STATEMENT

Removed:1. FRAMEWORK OF THE PROPOSAL/INITIATIVE

Removed:1.1. Title of the proposal/initiative

Removed:1.2. Policy area(s) concerned

Removed:1.3. The proposal/initiative relates to:

Removed:1.4. Objective(s)

Removed:1.4.1. General objective(s)

Removed:1.4.2. Specific objective(s)

Removed:1.4.3. Expected result(s) and impact

Removed:1.4.4. Indicators of performance

Removed:1.5. Grounds for the proposal/initiative

Removed:1.5.1. Requirement(s) to be met in the short or long term including a detailed timeline for roll-out of the implementation of the initiative

Removed:1.5.2. Added value of Union involvement (it may result from different factors, e.g. coordination gains, legal certainty, greater effectiveness or complementarities). For the purposes of this point 'added value of Union involvement' is the value resulting from Union intervention which is additional to the value that would have been otherwise created by Member States alone.

Removed:1.5.3. Lessons learned from similar experiences in the past

Removed:1.5.4. Compatibility with the Multiannual Financial Framework and possible synergies with other appropriate instruments

Removed:1.5.5. Assessment of the different available financing options, including scope for redeployment

Removed:1.6. Duration and financial impact of the proposal/initiative

Removed:1.7. Management mode(s) planned

Removed:2. MANAGEMENT MEASURES

Removed:2.1. Monitoring and reporting rules

Removed:2.2. Management and control system(s)

Removed:2.2.1. Justification of the management mode(s), the funding implementation mechanism(s), the payment modalities and the control strategy proposed

Removed:2.2.2. Information concerning the risks identified and the internal control system(s) set up to mitigate them

Removed:2.2.3. Estimation and justification of the cost-effectiveness of the controls (ratio of "control costs ÷ value of the related funds managed"), and assessment of the expected levels of risk of error (at payment & at closure)

Removed:2.3. Measures to prevent fraud and irregularities

Removed:3. ESTIMATED FINANCIAL IMPACT OF THE PROPOSAL/INITIATIVE

Removed:3.1. Heading(s) of the multiannual financial framework and expenditure budget line(s) affected

Removed:3.2. Estimated financial impact of the proposal on appropriations

Removed:3.2.1. Summary of estimated impact on operational appropriations

Removed:3.2.2. Estimated output funded with operational appropriations

Removed:3.2.3. Summary of estimated impact on administrative appropriations

Removed:3.2.4. Compatibility with the current multiannual financial framework

Removed:3.2.5. Third-party contributions

Removed:3.3. Estimated impact on revenue

Removed:LEGISLATIVE FINANCIAL STATEMENT

Removed:FRAMEWORK OF THE PROPOSAL/INITIATIVE

Removed:1.1. Title of the proposal/initiative

Removed:Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 Text with EEA relevance.

Removed:1.2. Policy area(s) concerned

Removed:Internal Market – Financial Services.

Removed:1.3. The proposal/initiative relates to:

Removed:a new action

Removed:a new action following a pilot project/preparatory action

Removed:the extension of an existing action

Removed:a merger or redirection of one or more actions towards another/a new action

Removed:1.4. Objective(s)

Removed:1.4.1. General objective(s)

Removed:Promote financial stability and strengthen the Capital Markets Union (CMU).

Removed:1.4.2. Specific objective(s)

Removed:This proposal has the following specific objectives to achieve the general objectives for the EU internal market for central clearing services:

Removed:- Encourage clearing at EU CCPs and reduce excessive reliance on systemic non-EU CCP by building a more attractive and robust EU clearing market.