Update in relation to upcoming reforms to EMIR / derivatives rules

On 7 December 2022 the European Commission published a legislative proposal setting out amendments to the European Market Infrastructure Regulation, so-called EMIR 3. The proposed new rules aim to reduce the burden of EMIR for derivative users to make the EU a more attractive business place for clearing services. For further information on the key aspects of the proposal, please see a technical update from Richard Kelly of Matheson.

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