Industry fears backdoor thresholds in active accounts debate

Confidential papers suggest a compromise, but requirements seen as too ambiguous


Dealers and clients fear the latest negotiations on post-Brexit derivatives rules may introduce quantitative requirements for minimum levels of clearing within the European Union “through the backdoor”, even though lawmakers ostensibly intend to avoid disruption to the industry. In particular, some say ambiguous drafting will allow the European Securities and Markets Authority too much room for interpretation.

“I think if Esma is in the driving seat and they are looking at these conditions

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here