The European Association of Co-operative Banks (EACB) welcomes the opportunity to respond to the Commission Consultation paper on FX Financial Instruments.
As a general remark, the members of EACB consider that the most important issue is not to delineate FX spots, but to clarify which FX contracts qualify as financial instrument and fall in the scope of MiFID and EMIR.
For the detailed considerations of the EACB concerning the respective consultation please download the PDF or consult our position papers web page.