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Frustration grows over ‘messy’ active account rules

Isda AGM: Less than two months until deadline, firms seek clarity on threshold calculation and scope of exemptions

EU flags in front of the European Commission headquarters

Market participants say they are still struggling to navigate the current drafting of Europe’s active account rules, with less than six weeks remaining until in-scope firms are required to maintain a derivatives clearing account at a European Union central counterparty.

“People are rushing desperately to try and implement stuff where even some of the really basic questions about how you test, how

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