The European Securities and Markets Authority (ESMA) has launched a consultation on draft regulatory technical standards (RTS) aimed at implementing the provisions of the European Markets Infrastructure Regulation (EMIR) related to OTC derivative transactions by non-European Union (EU) counterparties in certain cases, and aimed at preventing attempts by non-EU counterparties to evade EMIR’s provisions.
More via press release: http://www.esma.europa.eu/news/ESMA-consults-non-EU-counterparties-OTC-derivatives?t=326&o=home
