| Date | Expected development |
|---|
| January 2012 | - 13 January: Deadline for responses to Ferber questionnaire on MiFID II
|
| February 2012 | - 9 February: Political agreement reached between representatives of the European Commission, European Parliament, and the Council of the EU on EMIR
- 17 February: Discussion paper on Level 2 EMIR measures published, to be followed by formal consultation paper
|
| March 2012 | - 6 March: Public hearing on EMIR technical standards
- 19 March: ESMA discussion paper on EMIR draft technical standards closed
- 20 March: Council of the EU published EMIR compromise text (dated 19 March 2012)
- 29 March: European Parliament adopts EMIR
|
| April 2012 | |
| May 2012 | - 14 May: ECON voted on the rapporteur’s reports on CRD IV
|
| June 2012 | - 1 June: Meeting of lawyer-linguists to review the text of EMIR
- 7 June: Council of the EU working group session on MiFID II
- 17 June: Council of the EU published revised text of EMIR (dated 15 June 2012)
- 18-19 June: Consideration of MiFID II and MAD amendments in ECON committee
- 25 June: ESMA published consultation paper on draft implementing technical standards
- 26 June: Council of the EU working group session on MiFID II
|
| July 2012 | - 4 July: Council of EU adopts EMIR
- 12 July 2012: ESMA public hearing on draft implementing measures for EMIR
- End of July 2012: The text of EMIR to be published in the Official Journal of the EU
|
| August 2012 | |
| September 2012 | - By 30 September: All draft implementing technical standards under EMIR need to be submitted by ESMA to the European Commission
|
| October 2012 | - 22-23 October: Indicative date for European Parliament plenary session on CRD IV
- 22-23 October: Indicative date for European Parliament plenary session to consider MiFID II and MAD
| |
| November 2012 | |
| December 2012 | - 31 December: Deadline for member states to transpose the CRD IV Directive into national law
- End 2012: EMIR expected to take effect
- End of 2012: IOSCO principles for financial market infrastructures to be transposed into national law
|
| January 2013 | - 1 January: Proposed CRD IV Regulation and Directive to come into force (with full implementation of their requirements by 1 January 2019)
|