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Europe News

The latest industry and regulatory news affecting Europe and the U.K.

  • 2024 Annual ETD Volume Review

    Trading volume in the global exchange-traded derivatives markets is on track to another record for the sixth year in a row. Join us for a discussion with Michael du Plessis and Alex Grinfeld of Liquidnet on the trends that are driving up volume and open interest across interest rate, equity and commodity futures and options.

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  • FIA responds to ESMA consultation on conditions of the EMIR 3.0 active account requirement

    FIA has responded to ESMA’s consultation on conditions of the Active Account Requirement under EMIR 3.0. FIA strongly recommends the AAR approach follows the renewed ambitions of the EU competitiveness and burden-reduction agenda. The response notes that the proposed reporting requirements are contrary to the objectives of the European Commission in reducing the reporting burden and ensuring EU firms' competitiveness.

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  • Tokenization in 2025

    K&L Gates will explore the benefits of the tokenization of real-world assets; use cases for the futures industry; and the legal, regulatory, and operational hurdles firms may face when implementing tokenization. We will also discuss the industry’s efforts to promote the mainstream use of tokenized assets.

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  • Viewpoint - The case for Positive Polly

    2024 saw more people across the world vote in elections than any year in recent memory. Nearly half the world’s population went to the polls to elect leaders in 70 countries. This brought new leaders with new policy positions and new ways of governing. FIA President and CEO Walt Lukken explores three regions central to our markets that have experienced political transitions.

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  • FIA responds to ESMA consultation on MiFIR RTS 22 transaction data reporting

    FIA has submitted a response to ESMA's consultation paper on the review of RTS 22 on transaction data reporting under Art. 26 and RTS 24 on order book data to be maintained under Art. 25 of MiFIR.

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  • Exchange Risk Controls – Overview of CME and ICE risk controls

    In July 2024, FIA unveiled its latest white paper: Best Practices for Automated Trading Risk Controls and System Safeguards. This comprehensive guide brings together FIA’s extensive research and expertise, exploring critical areas such as pre-trade risk management and exchange volatility control mechanisms.

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  • FIA publishes statement on the treatment of EU and non-EU regulated financial services under DORA

    FIA, EACH, FESE, and AFME strongly urge the European Commission to clarify that financial services provided by EU and non-EU firms to financial entities are not considered ‘ICT services’ under the Digital Operational Resilience Act (DORA).

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  • Trade associations urge the European Commission to extend the equivalence decision for UK CCPs

    As the time-limited equivalence decision for UK CCPs expires on 30 June 2025, FIA and several other trade associations urge the European Commission to extend the equivalence decision for UK CCPs in a non-time-limited manner and well in advance of 31 March 2025.

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  • FIA and FIA EPTA respond to European AI Office consultation on prohibited activities and AI System definition

    FIA and FIA EPTA have submitted a response to the European Commission’s AI Office consultation on prohibited AI practices and the definition of an AI System. Following the consultation, the Commission will develop guidelines, under Article 96(1) of the AI Act, which are expected to be published in early 2025.

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  • Self-Reporting in the Age of Whistleblowers

    Paul Hastings LLP will discuss the CFTC's policy on self-reporting and cooperation credit in enforcement actions, its application in recent cases and calls for reform. The program will also review developments in the CFTC's enforcement of supervisory violations and offer practical insights for on how to navigate the differing whistleblower regimes of the DOJ, CFTC, and SEC.

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