The trading of over-the-counter (OTC) derivatives will be subject to European Markets and Infrastructure Regulation.
The European Markets and Infrastructure Regulation (EMIR) has been approved by the European Parliament.
The result, which follows months of negotiations, means that the trading of over-the-counter (OTC) derivatives will now fall under the EMIR guidelines.
"This open approach will provide consumers and investors with more choice and more efficient services," says Member of the European Parliament (MEP) Sharon Bowles. "I will also work to ensure consistency on exemptions won in EMIR for pension funds and corporates ."
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