Community
The European Commission has adopted regulatory technical standards (RTS) on contracts that have a direct, substantial and foreseeable effect of contracts within the EU to prevent the evasion of rules and obligations in connection with the European Markets Infrastructure Regulation (EMIR). The RTS, as prepared by the European Securities and Markets Authority, which set out:
· how such contracts will be considered to have a direct, substantial and foreseeable effect within the Union; and
· cases where it is necessary or appropriate to prevent the evasion of the rules;
were endorsed by the Commission without amendments.
Related link:
http://ec.europa.eu/internal_market/financial-markets/derivatives/index_en.htm
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Alexander Boehm Chief Executive Officer at PayRate42
05 September
Alexander Saleh Head of Partnerships at Coincover
02 September
Alex Kreger Founder & CEO at UXDA
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