On September 10, 2014, the CFTC published a report of the OTC Derivatives Regulators Group ("ODRG") to the G20 on cross-border implementation issues. The ODRG report is an update on its March 2014 report and confirms that the ODRG are continuing to work (i) to develop approaches to the treatment of branches and affiliates and to organized trading platforms; and (ii) on reaching understandings on equivalence and substituted compliance, the clearing determination, risk mitigation techniques for non-cleared derivatives and barriers to reporting to trade repositories relating to data protection. The ODRG intends to provide an updated report in advance of the G20 Leaders Summit in November this year.
The report is available at: http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/oia_odrgreportg20_0914.pdf
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