CESR Consults on Exchange Framework for OTC Derivatives

The Committee of European Securities Regulators (CESR) published a consultation paper on the classification and identification of over-the-counter (OTC) derivative instruments for the purpose of including those instruments in the exchange of transaction reports among CESR members, currently done through CESR’s transaction exchange mechanism (TREM).

CESR decided to launch a project to amend TREM to facilitate the exchange of transaction reports on OTC derivative instruments. This consultation paper is aimed at defining the framework for this exchange.

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