OTF transparency waivers survive final Mifid debate

European disclosure regime for derivatives platforms diverges from that in US

Disclosure rules for new derivatives trading platforms may be looser in Europe than in the US, after legislators rubber-stamped a series of controversial waivers during final debates on the Markets in Financial Instruments Regulation (Mifir) – one half of the revised Markets in Financial Instruments Directive (Mifid). That could raise the ire of the European Commission (EC), which warned in October that draft versions of the rules were too forgiving, and could also make it harder to argue