EC ignores pleas to extend clearing consultation deadline
Despite industry appeals for more time on EU-wide clearing consultation, EC refuses an extension
The European Commission has refused to extend the feedback deadline for its EU-wide clearing framework consultation, provoking widespread industry frustration.
Since the consultation’s publication on February 8, market participants and industry associations have begged the commission to extend the March 8 feedback deadline by at least another month – to no avail.
“We are disappointed at the denial of the request. More time would enable the [EC] to gather more data, enabling better calibration
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