Responses to ESMA Consultation Paper on EMIR Clearing Obligation

On September 17, the European Securities and Markets Authority (ESMA) published responses to its July 2013 consultation paper on draft regulatory technical standards (RTS) on contracts having a direct, substantial and foreseeable effect within the EU and on the non-evasion of provisions of EMIR (Regulation 648/2012).  ResponsesConsultation Paper.