Lexology PRO | European Union | 3 Feb 2023
ISDA and three other industry bodies have told the European Commission its “EMIR 3.0” plans – including a requirement for an active EU-based CCP account from firms subject to the EU clearing obligation – will make EU firms less competitive.
Lexology PRO | European Union | 24 Nov 2022
The EU’s securities regulator has finalised its guidelines for resolution regimes for EU-based clearing houses, as the European Commission prepares a reform package aimed at boosting its competitiveness in the clearing space.
Aluko & Oyebode | Nigeria | 24 May 2022
In 2021, the Securities and Exchange Commission (SEC) registered two CCPs in the Nigerian capital markets, FMDQ Clear Limited and NG Clearing Limited. FMDQ Clear Limited's focus is clearing foreign exchange and fixed income derivatives, while NG Clearing Limited's focus is clearing index and single stock futures. It is expected that these CCPs will play a pivotal role in ensuring safety and......
Katten Muchin Rosenman LLP | USA | 12 Apr 2019
On April 8, the Financial Industry Regulatory Authority filed with the Securities and Exchange Commission a proposed rule change to adopt the…
Travers Smith LLP | European Union, United Kingdom | 11 Apr 2019
In July 2018 we circulated a client briefing note outlining the European Parliament's approval of a revised proposal to amend EMIR (also known as…
Nutter McClennen & Fish LLP | USA | 10 Apr 2019
On March 28, 2019, the Supervisory Board of The Clearing House Payments Company L.L.C. (“TCH”) released its “Business Principles for the RTP®…
Katten Muchin Rosenman LLP | European Union, United Kingdom, USA | 29 Mar 2019
On March 28, the European Securities and Markets Association (ESMA) published a statement updating market participants on its preparations for the…
Sidley Austin LLP | European Union, United Kingdom, USA | 13 Mar 2019
Key changes to the scope of EMIR which asset managers should be aware of as a result of EMIR REFIT are…
Hunton Andrews Kurth LLP | USA | 12 Mar 2019
The Council of Institutional Investors (CII) and Templum, Inc. (Templum) each recently submitted comments to the SEC to call for the agency to embrace…
Katten Muchin Rosenman LLP | European Union, United Kingdom | 1 Feb 2019
On January 24, the Bank of England updated its financial market infrastructure supervision websites with interim lists of entities and systems that…