Derivatives Industry Asks For Extension To Prepare For Brexit

Law360, London (November 27, 2019, 3:01 PM GMT) -- The global derivatives industry body has called on European Union lawmakers to extend rules designed to protect over-the-counter derivatives trades in case the U.K. leaves the EU without securing a trade deal.

The International Swaps and Derivatives Association said on Tuesday that it has urged the European Securities and Markets Authority and the European Commission to extend a safeguard that the two authorities put in place to prevent OTC derivatives contracts from being subject to additional costs.

The rule allows traders to replace a U.K. buyer or seller of an existing OTC derivatives contract with one based inside the bloc without...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!