FIA Epta has proposed changes to the so-called "local firm" definition
Trade body the Futures Industry
Association has proposed changes to Europe’s
capital requirements regulation (CRR) that would ensure
European proprietary traders remain outside the scope of the
stringent capital rules.
FIA subsidiary the
European Principal Traders Association (Epta), which
represents Europe’s proprietary trading community,
has proposed the "local firm" definition and exemption
currently contained in CRR should be updated to take into
account changes in Mifid II that could see these firms hit with
the same capital requirement as banks.
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