“On January 26, CCT signed onto a letter sent to Jonathan Hill, Lord Hill of Oareford, Commissioner for Financial Stability, Financial Services and Capital Markets Union, of the European Commission. The letter, signed by 45 associations and companies, including the Derivative End Users Coalition, focuses on the European Market Infrastructure Regulation (EMIR) Review consultation, recommending that: End-users (NFC-s) should not be subject to dual-reporting requirements under EMIR; intragroup transaction reporting should be eliminated for end-users (i.e., NFC-s); and the NFC+/- threshold should not be recalibrated to include hedging in the calculation.”
To view the full comment letter, click here.