Primary tabs

Association of the Luxembourg Fund Industry

ALFI supports this initiative that represents a simplification of the current collateral exchange obligation rules.
We have not identified additional requirements. We understand that the aspects regarding the exemption of variation margin exchange for physically settled FX OTC derivatives not cleared by a CCP will be covered in an amended version of the RTS 2016/2251, as communicated by the ESAs in December 2017.
As our industry is not materially exposed to this type of transaction we do not express any specific opinion on this subject.
As our industry is not materially exposed to this type of transaction, we do not express any specific opinion on this subject.
François BARATTE
(+352) 22 30 26 38