25/04/2019 (Agence Europe) – The European Commission has found that several Japanese rules on the supervision of over-the-counter (OTC) derivatives transactions are equivalent to those of European Union rules, on Thursday 25 April, the day of the EU/Japan summit (see EUROPE 12242/1). In particular, the decision concludes that Japan Financial Services Agency (JFSA) rules on valuation and dispute resolution for OTC derivative contracts not cleared by a central counterparty are equivalent to the EMIR Regulation (648/2012) governing market infrastructures. They are also equivalent to obligations on the exchange of collateral ('margins') between counterparties. With this decision, which will enter into force 20 days after its publication in the Official Journal of the EU, market participants will only have to comply with one set of rules. See the text of the decision: http://bit.ly/2PtD0IX (Original version in French by Mathieu Bion)