Energy firms urge EC to ease Emir clearing rules
Industry groups are using the European Commission’s review of Emir to push for changes to rules for calculating their exposure to clearing thresholds – tweaks that could make a big difference in whether commodity firms are saddled with the dreaded ‘NFC+’ status
European Union energy firms worried about the looming impact of new rules that could require them to clear all their over-the-counter derivatives trades starting in December 2018 are eagerly anticipating the results of a review being carried out by the European Commission (EC), which they hope will rein in the most burdensome aspects of the regulation.
The EC's review of the European Market
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