PensionsEurope feedback to the EC on draft Delegated Regulation on pension scheme arrangements exemption from clearing obligation (1-year extension)

PensionsEurope thanks the EC for the opportunity to comment on the draft delegate providing 1-year extension of pension scheme arrangements (PSAs) exemption from clearing obligation. We welcome this delegated act, and we expect that another extension of a year will be still needed (i.e. until June 2023), as implementation of market-based solutions and preparation for the clearing market for the end of the pension fund clearing exemption will take time.