Publications & Filings
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Europe Delays Open Access Requirements
In the first weeks of January, as the main provisions of Europe's MiFID II reforms took effect, multiple regulators put a hold on a requirement that derivatives exchanges and clearinghouses provide open access to their services.
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FIA and ISDA submit joint response to ESA Consultation
On 23 January, FIA and ISDA (the Associations) submitted feedback on the European Commission’s (Commission) published Draft Implementing Regulation on the operations of the European Supervisory Authorities (ESAs) and the proposed supervisory framework.
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Research Unbundling
On Dec. 11, the Commodity Futures Trading Commission issued interpretative guidance addressing a potential compliance issue for intermediaries that do business with investment managers in Europe.
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Bitcoin Regulation: CFTC Clarifies Authority over Retail Trading
On Dec. 15, the Commodity Futures Trading Commission issued a proposed interpretation concerning the boundaries of its authority over the spot market in bitcoin and other virtual currencies.
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Hong Kong's SFC Issues Warning on Cryptocurrency-Related Products and Derivatives
n Dec. 11, Hong Kong's Securities and Futures Commission issued a circular cautioning investors regarding the risks associated with bitcoin futures contracts and other cryptocurrency-related investment products and reminding financial services providers of the legal and regulatory requirements when they target customers in Hong Kong.
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Avoiding Market Fragmentation
On Oct. 13, the Commodity Futures Trading Commission and the European Commission announced two agreements aimed at preserving cross-border access to derivatives markets ahead of MiFID II.
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Bitcoin Derivatives
The Commodity Futures Trading Commission announced on Dec. 1 that three exchanges have certified that their bitcoin derivatives contracts comply with U.S. rules and regulations, clearing the way for these exchanges to begin trading the contracts.
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FIA EPTA comments on the new Prudential Regime for Investment Firms
On the basis of Articles 508(2) and (3) of Regulation (EU) No 575/20131 (CRR) the European Commission is drafting a legislative proposal on a prudential regime for investment firms.
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Swap Clearing in China
On Nov. 20, the Commodity Futures Trading Commission extended no-action relief for Shanghai Clearing House until the earlier of February 2018 or the date on which SCH receives exemption from registration as a derivatives clearing organization.
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Australia's ASIC Consolidates Market Integrity Rules
On Nov. 17, the Australian Securities and Investments Commission published market integrity rules which create a consolidated set of market integrity rules for futures markets and securities markets.
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