Pension funds in limbo as EC leaves Emir exemption gap

Schemes could be subject to CVA charge for period of weeks or months

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UK schemes could be subject to unexpected extra charges on derivative trades after the European Commission (EC) left it too late to extend their exemption from central clearing regulations.

Pension funds across Europe find themselves in a weird, legislative grey area, after the commission extended a key exemption too late. The safe harbour may take effect in days or in months, and in ...

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