FX MiFID Working Group

Working documents for the Global FX Division MiFID WG.

The WG is focused on implementation of the MiFID/R requirements for FX, working closely with other trade associations to harmonise cross-asset approaches where possible.

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Correspondence

GFMA Submits Comments to ESMA in Response Paper on the Clearing Obligation under EMIR

September 2013  |  Correspondence  |  Press Releases

The Global Foreign Exchange Division (GFXD) of GFMA provides comments to the European Securities and Markets Authority (ESMA) in response to the Discussion Paper on the Clearing Obligation under the European Market Infrastructure Regulation (EMIR), ESMA/2013/926. 

Given the global nature of the Foreign Exchange (FX) market, GFMA emphasizes the importance in ensuring that the regulatory treatment of FX products in multiple, global jurisdictions remains consistent. GFMA shares its recommendations are responses to questions including the detailed rationale behind the exemption to any central clearing obligation of deliverable over-the-counter (OTC) FX forwards and swaps by the U.S. Department of Treasury. GFMA strongly recommends that ESMA follow a similar approach by not issuing a clearing obligation for such products.

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Resources

GFXD Invitation to Two MAG/MiFID Vendor Outreach Meetings (June 2017)

June 2017  |  Policy Resource  |  Market Architecture Group

The Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) will be hosting two vendor outreach sessions of its Market Architecture Group and MiFID Working Group to discuss issues related to the implementation of MiFID.

Invitation to MAG/MiFID Vendor Outreach (February 2017)

February 2017  |  Policy Resource  |  Market Architecture Group

The Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) will be hosting a vendor outreach of its Market Architecture Group and MiFID Working Group to discuss issues related to the implementation of MiFID.

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News

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