• ESMA Consults on the Extra-Territorial Application of EMIR
  • August 16, 2013
  • Law Firm: Cadwalader Wickersham Taft LLP - New York Office
  • On 17 July 2013, the European Securities and Markets Authority (“ESMA”) published a consultation paper (the “Consultation Paper”) on draft regulatory technical standards (“RTS”) aimed at implementing certain provisions of the European Markets Infrastructure Regulation (“EMIR”) relating to (a) the extraterritorial application of EMIR, and (b) preventing the evasion of EMIR’s provisions.