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Pension Schemes Seek Delay Of EU Derivatives Regs

Pension advisers want the European Union to exempt their clients from compliance of new derivatives regulations for up to two years after they go into effect as early as the end of 2012, reports Financial News.

Pension advisers want the European Union to exempt their clients from compliance of new derivatives regulations for up to two years after they go into effect as early as the end of 2012. The cash collateral requirements have caused concern among pension funds with one estimate that costs associated with compliance of the new rules by Dutch pension funds, for example, could hit 1% of the Netherlands’ gross domestic product.

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