ISDA Recommends Aligning Clearing and Trading Obligations
On July 6, ISDA published a briefing paper outlining its support for alignment of the clearing obligation under the European Market Infrastructure Regulation and the derivatives trading obligation under the Markets in Financial Instruments Regulation.
ISDA recommends that alignment be based on transaction and counterparty terms, with a view to enhancing legal certainty for market participants.
Source: ISDA
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