EC Adopts Equivalence Decision for Derivatives Trading Venues in US

By Regulatory News

December 06, 2017

EC issued the Commission Implementing Decision (EU) 2017/2238 on the equivalence of legal and supervisory framework applicable to designated contract markets and swap execution facilities in the United States, in accordance with the Markets in Financial Instruments Regulation (MiFIR: Regulation (EU) No 600/2014). The decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.

EC has recognized certain trading venues authorized by CFTC as eligible for compliance with the EU trading obligation for derivatives. This decision will ensure that EU counterparties can continue to trade the most liquid derivatives instruments on the U.S. platforms. CFTC is also working toward exempting certain EU-authorized trading venues from registration requirements in the U.S. This follows an agreement, which was announced on October 13, 2017, between EC and CFTC on a common approach regarding certain derivatives trading platforms. The agreement will enable EU platforms to offer trading services to U.S. counterparties.

Related Links

Effective Date: December 07, 2017

Keywords: Europe, Americas, US, Securities, Equivalence Decisions, Derivatives, MiFIR, MiFID II, CFTC, EC

IAIS Consults on Activities-Based Approach to Systemic Risk for Insurers

FED Plans for Three New Reference Rates Based on Overnight Repo Trade


News BCBS Consults on Revised Disclosures for Market Risk Framework BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks. November 14, 2019 WebPage Regulatory News
News FSB Examines Implementation of Resolution Regimes in Financial Sector FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and sets out plans for further work. November 14, 2019 WebPage Regulatory News
News PRA Publishes Final Policy on Maintenance of TMTP Under Solvency II PRA published the policy statement (PS25/19) that contains the final supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTPs) under Solvency II. November 14, 2019 WebPage Regulatory News
News BCBS Consults on Disclosure Templates of Sovereign Exposures of Banks BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks. November 14, 2019 WebPage Regulatory News
News IAIS Adopts ComFrame, ICS, and Holistic Framework for Systemic Risk IAIS adopted a comprehensive set of reforms—Common Framework (ComFrame), Insurance Capital Standard (ICS) Version 2.0, and Holistic Framework for Systemic Risk—that will enable effective cross-border supervision of insurance groups and contribute to global financial stability. November 14, 2019 WebPage Regulatory News
News PRA Publishes Templates for Statistical Disclosures Under Solvency II PRA published templates for statistical disclosures, as required under Article 31(2) of the Solvency II Directive. November 14, 2019 WebPage Regulatory News
News FASB Proposes Improvements to Derivatives and Hedging Standard FASB proposed an Accounting Standards Update, on codification improvements to hedge accounting under Topic 815, to clarify certain sections of the 2017 hedge accounting standard (Update 2017-12). November 13, 2019 WebPage Regulatory News
News FASB Approves Guidance to Assist in Transition to New Reference Rates FASB approved an Accounting Standards Update (Topic 848) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, the reference rate reform on financial reporting. November 13, 2019 WebPage Regulatory News
News BIS and MAS Launch Innovation Hub in Singapore BIS and MAS launched the BIS Innovation Hub Center in Singapore. November 13, 2019 WebPage Regulatory News
News MAS and Industry to Create Framework for Adoption of Responsible AIDA MAS announced that it is working with financial industry partners to create a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA). November 13, 2019 WebPage Regulatory News

RESULTS 1 - 10 OF 4142