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Central clearing delay for Category 3 firms under EMIR

The European Securities and Markets Authority (“ESMA”) published a consultation paper that proposes to postpone the phase-in date for central clearing of over-the-counter (“OTC”) derivatives applicable to Category 3 firms under the European Market Infrastructure Regulation (“EMIR”). The consultation closes on 05 September 2016 and ESMA will look to publish a final report by the end of 2016 Read more

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