Brussels, 13/02/2014 (Agence Europe) - On Wednesday 12 February, the European Commission and the United States' chamber for regulating derivatives (CFTC) reported on progress in regulatory convergence on derivatives rules on either side of the Atlantic.
The two bodies have agreed for the draft MiFID II legislation (see EUROPE 10997) that the European multilateral negotiating systems (MTF) on which derivatives are sold will provisionally enjoy a derogation so that they can operate in the...