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EU, five other jurisdictions can substitute certain derivative rules for those in US, CFTC says

( December 20, 2013, 22:32 GMT | Official Statement) -- MLex Summary: The European Union and Japan can substitute some of their transaction-level requirements, including risk mitigation, for those in the United States on cross-border derivative trades, the US Commodity Futures Trading Commission said. Those jurisdictions as well as four others - Hong Kong, Switzerland, Canada and Australia - can substitute entity-level requirements such as risk management and recordkeeping for those in the US.Statement follows in full. See document below....

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