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02 February 2016 | ESMA Feed
 

ESMA issues opinions on UK pension schemes to be exempt from central clearing under EMIR

Tuesday 02 February 2016 12:42

The European Securities and Markets Authority (ESMA) has today issued a set of opinions regarding the exemption of 16 UK pension schemes from the obligation to centrally clear OTC derivative contracts under the European Market Infrastructure Regulation (EMIR). 

Pension scheme arrangements meeting certain criteria were granted a transitional exemption from the clearing obligation under EMIR. Pensions schemes have to ask their national competent authority to be exempted from the clearing obligation. Before deciding on an exemption, the relevant competent...

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I think this says UK Pension schemes are exempt from clearing - woo hoo. Better pension returns for all of us.

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