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June 4, 2013

A European working day isn’t what it seems

In the webinar below the guys from DTCC clarify that a 'working day' at ESMA means a day on which none of the member states are on a public holiday – or conversely if any member state has a public holiday, ESMA doesn't count that as "working". This means any ESMA timeline is going to be somewhat tricky to predict if they rely on this definition of "working". Newedge Webinar: Trade Reporting Requirements: Facts and Options | The OTC Space.


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