Call for clearing delay

Call for clearing delay

Category: Risk Management Regulation

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ESMA has published a report on OTC derivatives central clearing, calling for a delay to the implementation of EMIR obligations for small financial counterparties. It argues that this is necessary because EU legislation is still being finalised, among other reasons.

The report proposes to amend EMIR's delegated regulations on the clearing obligation to prolong the phase-in period for financial counterparties with a limited volume of derivatives activity by two years.

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