ESMA decides not to apply the EMIR clearing requirement to non-deliverable FX forwards | Practical Law

ESMA decides not to apply the EMIR clearing requirement to non-deliverable FX forwards | Practical Law

The European Securities and Markets Authority (ESMA) published a feedback statementon its consultation on applying the clearing obligation under EMIR (the Regulation on OTC derivative transactions, central counterparties (CCPs) and trade repositories (Regulation 648/2012)) to a class of foreign-exchange non-deliverable forward (FX NDF) OTC derivatives.

ESMA decides not to apply the EMIR clearing requirement to non-deliverable FX forwards

Practical Law UK Legal Update 7-598-9126 (Approx. 3 pages)

ESMA decides not to apply the EMIR clearing requirement to non-deliverable FX forwards

by Practical Law Financial Services
Published on 04 Feb 2015 • European Union
The European Securities and Markets Authority (ESMA) published a feedback statement on its consultation on applying the clearing obligation under EMIR (the Regulation on OTC derivative transactions, central counterparties (CCPs) and trade repositories (Regulation 648/2012)) to a class of foreign-exchange non-deliverable forward (FX NDF) OTC derivatives.