20 February 2014
The European Securities and Markets Authority (ESMA) has sent a letter to the European Commission asking for greater clarification on the definition of a derivative or derivative contracts under the European Market Infrastructure Regulation (EMIR). It has also suspended some newly introduced rules on reporting foreign exchange and commodities trades that are not clearly defined as derivatives.
To read this article in full, please go to http://www.profit-loss.com/?q=node/27029
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