Jonathan Faull, Director-General for Financial Stability, Financial Services and Capital Markets Union at the European Commission, has replied to the ISDA-AIMA-FIA Europe-IA-MFA letter dated 22 June 2015 to the European Commission on Equivalence under EMIR Article 13 and MIFID Article 33. The letter addresses the concerns raised by the trade associations on when counterparties may be able to rely on an implementing act of equivalence.
