European Parliament and Council on collision course over FX exemption

EU flag

On February 7, the Council of the European Union put forward a compromise proposal on the draft regulation that was adopted by the European Commission (EC) in September 2010. Crucially for FX market participants, the proposal inserts an additional paragraph that would explicitly mandate the European Securities and Markets Authority (Esma) to take due account of the specific nature of particular asset classes when determining their suitability for a mandatory clearing requirement.

"The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: