ISDA: Letter on Equivalence of UK Derivatives Regulated Markets Under EMIR Article 2a

30 November 2020

ISDA co-signed a joint trade association letter asking the European Commission to issue an equivalence determination under EMIR Article 2a for UK regulated markets.

Co-signatories: FIA, the Association for Financial Markets in Europe, ICI Global, the Alternative Investment Management Association, the European Banking Federation and the European Fund and Asset Management Association

In the absence of equivalence, exchange-traded derivatives traded on UK regulated markets will be considered over-the-counter derivatives, pushing some non-financial counterparties and financial counterparties above the clearing threshold under the European Market Infrastructure Regulation.

Full letter

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