Mifid draft resuscitates CCP open access battle

open-door

A controversial rule mandating open access to clearing houses has re-emerged in new draft regulation spun out from the European Union's Markets in Financial Instruments Directive (Mifid). The inclusion of two new clauses comes less than six months after a similar requirement was removed from the European Market Infrastructure Regulation (Emir).

The clauses appear in a leaked draft of the Markets in Financial Instruments Regulation (Mifir) – written as part of a review of Mifid (known as Mifid II

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