# Exemption of certain third country spot foreign exchange benchmarks and the designation of replacements for certain benchmarks in cessation

European Parliament procedure 2020/0154(COD) (COD - Ordinary legislative procedure (ex-codecision procedure), 9th term, committee ECON). Stage: Procedure completed. 40 committee amendments tabled by 7 Members between 2020-10-29 and 2020-10-29.

## What the amendments focus on

The dossier concerns the exemption of certain third-country spot foreign exchange benchmarks and the designation of replacements for certain benchmarks in cessation. The amendments cover non-deliverable currency forwards and swaps, the cessation of LIBOR announced by the UK Financial Conduct Authority, the Commission's power to designate replacement benchmarks where cessation would disrupt financial markets, contractual fallback provisions and spread adjustments, and the scope of interest-rate and third-country benchmarks.

## Most active Members on this file

| Member | Country | Group | Amendments | Markdown |
|---|---|---|---|---|
| Ville NIINISTÖ | Finland | Verts/ALE | 14 | https://amendeu.com/md/meps/197802.md |
| Markus FERBER | Germany | PPE | 9 | https://amendeu.com/md/meps/1917.md |
| Jonás FERNÁNDEZ | Spain | S&D | 9 | https://amendeu.com/md/meps/125046.md |
| Patryk JAKI | Poland | ECR | 3 | https://amendeu.com/md/meps/197516.md |
| José GUSMÃO | Portugal | GUE/NGL | 2 | https://amendeu.com/md/meps/88715.md |
| Caroline NAGTEGAAL | Netherlands | RE | 2 | https://amendeu.com/md/meps/190519.md |
| Luděk NIEDERMAYER | Czechia | PPE | 1 | https://amendeu.com/md/meps/124701.md |

## Official source documents

- PE660.111: https://www.europarl.europa.eu/doceo/document/ECON-AM-660111_EN.pdf

Full amendment texts, votes and exports: https://amendeu.com/dossiers/2020-0154-COD · machine-readable: https://amendeu.com/data/dossiers/2020-0154-COD.json

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Data refreshed: 2026-07-27. Human-readable version: https://amendeu.com/dossiers/2020-0154-COD
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