Regulatory Alerts2014-05-10
Order ECC/757/2014 authorizing BME Clearing, SAU to modify the general conditions for energy underlying asset contracts
The Spanish Ministry of Economy and Competitiveness issued Order ECC/757/2014 to authorize BME Clearing, SAU to modify the general conditions of its energy underlying asset contract group. This authorization permits BME Clearing to accept operations from the Official Secondary Market for Futures and Options managed by MEFF and to alter the settlement methods for monthly and weekly futures. The order follows favorable reports from the CNMV, the Bank of Spain, and relevant autonomous communities, confirming compliance with Article 44 ter of the Securities Market Law.
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