Energy, Tech Firms Buy Time On EU Derivative Rules

Law360, New York (February 8, 2013, 2:26 PM EST) -- Nonfinancial firms, including technology and energy companies, will have three years to comply with the European Union's new rules requiring over-the-counter derivative contracts to be processed through central clearinghouses, a top European official said Thursday.

The implementation delay for nonfinancial firms was part of a deal with the European Parliament, which had earlier in the week threatened to delay the changes to how over-the-counter derivatives are traded by objecting to the treatment of manufacturers, airlines, energy companies and other types of firms that use derivatives to...
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