Europe, OTC Derivatives Regulation Under EMIR

June 20, 2012Andy No Comments »

The impending European Union rules governing over-the-counter derivatives, central counterparties and trade repositories (EMIR) targets to adopt the G20 commitment to oblige clearing of standardised OTC derivative transactions by central counterparties by the end of this year. While European Union directives are planned to be in operation by the end of 2012, there will still be a number of steps that need to happen before market participants are subjected to a clearing mandate.

Clifford Chance LLP has drafted a briefing detailing these measures and setting out an tentative timeline showing the path to mandatory clearing in the European Union.

The update from Clifford Chance LLP can be found here [PDF format]

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