Eurex amends clearing conditions and FCM regulations
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Eurex amends clearing conditions and FCM regulations 31 January 2019London Reporter: Jenna Lomax
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Eurex Clearing AG (Eurex Clearing) will incorporate additional provisions on market disorder, legal impossibility and force majeure into the clearing conditions of Eurex Clearing (clearing conditions) and the FCM regulations of Eurex Clearing (FCM Regulations).
This is to account for the increasing degree of uncertainty Eurex said it is facing in relation to cross-border regulation.
Eurex Clearing said this gives it the “necessary toolbox at hand to react to adverse developments in a way that is balanced and economically meaningful for all relevant stakeholders”.
The amended sections of the clearing conditions and the FCM Regulations were decided by the executive board of Eurex Clearing.
The amendments will come into effect on 18 February 2019.
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