FOA: Details of new infrastructure derivatives rules expected shortly
European Union regulators to clarify controversial new derivatives and central clearing rules in a new regulation rather than previously intended directive, avoiding lengthy and politically sensitive procedure
European regulators are expected to release details of a new European Market Infrastructure Regulation (EMIR) shortly that will set out who will licence Central Clearing Parties (CCP) and what derivatives instruments will have to go through CCP clearing, according to Futures and Options Association (FOA) chief executive Anthony Belchambers.
“I understand they have come to the view that this is now going to be a regulation, not a directive,” Belchambers said at a press briefing. “So it will have
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