ESMA leaves door open to open access extensions

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By Ross Lancaster
11 Jun 2020

The European Securities and Markets Authority (ESMA) has given potential leeway to national competent authorities (NCAs) considering the introduction of open access rules next month.

Open access, a delayed rule from the Markets in Financial Instruments Regulation (MiFIR), will force CCPs to clear any instrument that has been traded on a venue. The rule would stop siloed arrangements that allow clearing houses to only clear trades that have been executed on venues associated ...

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