• 18-NOV-2013

EU's OTC derivative rules spread outside Europe

London, 18 Nov 2013 -- From 2014 derivative end users outside Europe may be captured by Europe’s new over-the-counter (OTC) derivative trading rules, known as the European Market and Infrastructure Regulation (EMIR). 

EU rule makers are seeking to extend EMIR rules outside the EU to mitigate against trading activities outside the EU that could threaten financial stability in the EU and to make sure that market participants do not evade EMIR rules.