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EMIR application - EU to provide clarity on approach

The European Commission has required the European Securities and Markets Authority to prepare regulatory technical standards on the application of the European Markets Infrastructure Regulation (EMIR) to transactions between non EU entities with a direct, substantial and foreseeable effect within the European Union.  The regulatory technical standards which had been postponed are now to be prepared to inform international regulatory discussion.  The standards are to be delivered to the Commission by 25 September 2013.






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