ESMA Issues Update on EMIR Clearing Obligations

[kreslik.news]

On Wednesday, theEuropean Securities and Markets Authority (ESMA) released a statement regarding the clearing and trading obligations that are set to be put into law on the 21st of December this year.

A series of laws have come into play over the past few years as a result of European Market Infrastructure Regulation (EMIR). Essentially, the regulation forces firms to clear specific over-the-counter (OTC) derivatives with a central counterparty (CCP).

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Until now, different firms have had different time frames to start adhering to that regulation. Starting in 2015, ... (read more)