The European Commission agency said the rules as previously defined may have created uncertainties
The European Securities and Markets Authority (Esma) is
looking to grant relief to over-the-counter transactions
subject to frontloading requirements under new rules mandating
the clearing of bilateral trades, writes Jonathan
The regulator approved in March Nasdaq OMX’s
clearing house under the new rules and triggered the
frontloading requirements, which refer to contracts concluded
after that date that are subject to clearing obligations before
their expiration date.
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