Divergence over definition of FX derivatives emerging in EU
The Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial regulatory authority, issued a last-minute postponement for FX derivatives reporting on February 12, the day mandatory trade reporting for all over-the-counter and exchange-traded derivatives began in the European Union as part of the European Market Infrastructure Regulation (Emir).
The CSSF announced it ‘will not ensure the implementation' of Emir's trade reporting requirements for FX trades performed for
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