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European pension funds get additional 2-year reprieve on clearing regulation 

June 8, 2015

Sophie Baker, Pensions and Investments

European Pension funds have been granted an additional two-year exemption from a requirement to centrally clear certain derivatives trades.

In a statement on its website, the European Commission said it had adopted a supplement to the European Market Infrastructure Regulation, which recommended pension funds should receive the exemption.

EMIR requires central clearing, through a central counterparty, of over-the-counter derivatives trades. Pension funds often use these types of instruments for liability-driven investment portfolios.

Read more: Pensions and Investments

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