ARTICLE
29 April 2014

European Commission Issues A Consultation On FX Instruments

GA
GVZH Advocates

Contributor

GVZH Advocates is a modern, sophisticated legal practice composed of top-tier professionals and rooted in decades of experience in the Maltese legal landscape. Built on the values of acumen, integrity and clarity, the firm is dedicated to providing the highest levels of customer satisfaction, making sure that legal solutions are soundly structured, rigorously tested, and meticulously implemented.
A Consultation on Foreign Exchange (FX) instruments has been issued by the European Commission on 10th April 2014.
European Union Finance and Banking

A Consultation on Foreign Exchange (FX) instruments targeted towards firms that are active in the trading of FX spot and derivative contracts has been issued by the European Commission (EC) on 10th April 2014.

Such Consultation's objective stems from various particular concerns raised in relation to the lack of harmonisation between the respective EU Member States on where the boundary lies between what is deemed to be an FX financial instrument and a Spot FX contract. The EC is now seeking to obtain stakeholders' feedback on the boundary that should be set in this respect.

This Consultation is limited in scope with the purpose of ultimately achieving clarity on this delineation whilst ensuring that there is clear, adequate and consistent application of the relevant financial regulation across all EU jurisdictions.

The Consultation document may be accessed via the following link.

www.csb-advocates.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More