CESR consults on exchange of transaction reports on OTC derivative instruments
22 July 2009
CESR launched a project to amend TREM (Transaction Exchange Mechanisms) and is consulting on the definition of the framework for this exchange.
CESR published a consultation paper on the classification and identification of OTC (over-the-counter) derivative instruments for the purpose of including those instruments in the exchange of transaction reports amongst CESR Members, currently done through CESR's Transaction Exchange Mechanism (TREM). After one and a half year of TREM's running, CESR decided to launch a project to amend TREM to facilitate the exchange of transaction reports on OTC derivative instruments. This consultation paper is aimed at defining the framework for this exchange.
The purpose of this consultation paper is to seek comments on the approach put forward by CESR.
Deadline for comments is 1 October 2009
© CESR - Committee of European Securities Regulators
