PGGM European Market Infrastructure Regulation (EMIR)

​The new “Over The Counter” (OTC) derivative landscape is evolving rapidly. In the temporary stay pension funds have been granted regarding exclusion from the EMIR obligations, we must seek to optimise this landscape. Introducing new rules for non-cleared transactions will result in pension funds facing both increased costs and greater risks. This is the opposite of the objectives intended by EMIR.

Position paper

​PGGM’s discussions with Clearing Brokers have made it apparent that the EMIR regulations are even more unfavourable than initially thought. In order to reduce the risks and costs facing pension funds, the clearing brokers and clearinghouses will have to develop alternative clearing methods more tailored to pension funds.

To the position paper: PGGM European Market Infrastructure Regulation (EMIR).

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