EUROPE: EU Commission adopts Delegated Regulation on OTC derivative transactions by non-EU counterparties

Wednesday February 19 2014

The EU Commission has adopted a Delegated Regulation supplementing the European Market Infrastructure Regulation (EMIR) with regard to regulatory technical standards on direct, substantial and foreseeable effect of contracts within the EU and to prevent the evasion of rules and obligations. The regulatory technical standards were developed by the European Supervisory Authorities and have been endorsed by the EU Commission without modification.

The Delegated Regulation will enter into force on the twentieth day following that of its publication in the Official Journal.

Click on the above link for the Delegated Regulation.