EU Council backs Emir exemption for corporates

Leaked doc shows majority of members want to keep intra-group reporting relief introduced in 2019

Council of the European Union - wikicommons.jpg
Council of the European Union/Wikimedia Commons

Most national governments in the European Union oppose attempts by the European Commission to reintroduce a requirement for corporates to report details of derivatives trades that are solely for the purpose of transferring risk between group entities, according to a leaked document seen by

The report, dated June 1 and written by the Swedish delegation currently shepherding draft legislation through the Council of the EU, states: “A vast majority of MS [member states] however supports

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