Update of Annexes A and B of the Monetary Agreement of 29 November 2011 with the European Union

Sovereign Ordinance No. 7.440 of April 26, 2019 replaces Annexes A (“Banking and Financial Legislation” applied by France) and B (“Legal Provisions to be Implemented” by measures equivalent to those taken by the Member States) of the Monetary Agreement between the European Union and Monaco.

Updates on: prudential requirements for credit institutions and investment firms, framework for the recovery and resolution of credit institutions and investment firms, markets for financial instruments [Annex A]; prevention of the use of the financial system for the purpose of money laundering or terrorist financing [Annex B]

• Withdrawal of repealed EU legal acts (end of validity in 2015, 2016, 2017 or 2018)

 

Update of Annex A

Regulation (EU) No 2017/2395 of 12 December 2017 [No 58] amending Regulation (EU) No 575/2013 as regards transitional arrangements for mitigating the impact of the introduction of IFRS 9 on own funds and for the large exposures treatment of certain public sector exposures denominated in the domestic currency of any Member State [No 56]

Regulation (EU) No 2017/2401 of 12 December 2017 [No 59] amending Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms [No 56]

Directive (EU) 2017/2399 of 12 December 2017 [No 111] amending Directive 2014/59/EU as regards the ranking of unsecured debt instruments in insolvency hierarchy [No 110]

Regulation (EU) No 2016/1033 of 23 June 2016 [No 120, No 122] amending Regulation (EU) No 600/2014 on markets in financial instruments [No 121], Regulation (EU) ) No 909/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories  [No 119]

 

Update of Annex B

Directive (EU) 2018/843 of 30 May 2018 (5th Anti-Money Laundering Directive) [No 4] amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or of Terrorist Financing [No. 3] [deadline for implementation: 31 December 2020]

Delegated Regulation (EU) No 2018/105 of 27 October 2017 [No 5] amending Delegated Regulation (EU) 2016/1675 [No 5] , as regards adding Ethiopia to the list of high-risk third countries in the table in point I of the Annex [deadline for implementation: 31 March 2019]

Delegated Regulation (EU) No 2018/212 of 13 December 2017 [No 7] amending Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 [No 3] as regards adding Sri Lanka, Trinidad and Tobago, and Tunisia to the table in point I of the Annex [deadline for implementation: 31 March 2019]

 

Acts removed from Annex A

Directive 2004/39/EC of 21 April 2004 on markets in financial instruments: end of validity on 2 January 2018; repealed by Directive 2014/65/EU of 15 May 2014 on markets in financial instruments [No 116] as amended by Directive (EU) 2016/1034 [No 118]

Directive 2007/64/EC of 13 November 2007 on payment services in the internal market: end of validity 12 January 2018; repealed and replaced by Directive (EU) 2015/2366 of 25 November 2015 on payment services in the internal market [No 26]

Implementing Regulation (EU) 2015/880 of 4 June 2015 on the extension of the transitional periods concerning capital requirements for CCP exposures in Regulations (EU) No 575/2013 and (EU) n ° 648/2012: end of validity on December 15th, 2015

Implementing Regulation (EU) 2015/2326 of 11 December 2015 on the extension of the transitional periods concerning capital requirements for CCP exposures in Regulations (EU) No 575/2013 and (EU) No 648/2012: end of validity on June 15, 2016

 

Acts removed from Annex B

Directive 2005/60/EC of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing: end of validity 25/06/2017; repealed and replaced by Directive (EU) 2015/849 of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 (4th Anti-Money Laundering Directive) [No. 3]

Council Decision of 6 April 2009 establishing the European Police Office (Europol): end of validity on 30 April 2017; repealed and replaced by Regulation (EU) 2016/794 of 11 May 2016 on the European Union Agency for Law Enforcement Cooperation (Europol)

 

 
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