EMIR — ESMA requests clarity on the definition of derivative
The European Securities and Markets Authority (ESMA) has written to the European Commission requesting that the definition of ‘derivative’ or ‘derivative contract’ in Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR) is clarified. This is to ensure that EMIR is applied in a consistent manner in all member states of […]