Confusion reigns ahead of crucial Emir 3.0 vote

Leaked text introduces multiple calculations and thresholds for mandatory clearing and active accounts

EU legislation questions

Market participants are seeking clarification on the scope of new regulations that will require them to maintain an active account at a clearing house within the European Union ahead of a crucial vote on Wednesday (February 14).    

The EU is set to unveil revisions to the European Market Infrastructure Regulation, dubbed Emir 3.0, following so-called trilogue discussions between the European Commission, Council and Parliament, which concluded today. A leaked version of the negotiated text dated

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