The European Association of Corporate Treasurers (EACT) has responded to the European Securities Markets Authority’s consultation on the clearing obligation for financial counterparties with limited volume of activity.
ESMA is proposing a delay to the start of the clearing obligation for small financial counterparties. Highlighted in the response is the need to extend such a delay to the non-financial counterparties subject to the clearing obligation (NFC+s).
Read the full response on the EACT website here.
