STRESSES in that respect, as noted by the Commission, the need to have a comprehensive policy on OTC derivatives in order to avoid regulatory arbitrage and, at the same time, to take into account differences across classes of instruments and contracts, as well as those of specific market participants, incl. non-financial firms, and commodity markets, e.g. for gas and electricity.
RÕHUTAB selle juures, nagu märkis ka komisjon, vajadust börsiväliseid tuletisinstrumente reguleeriva tervikliku poliitika järele, et vältida regulatiivset arbitraaži, ning vajadust võtta arvesse instrumendi- ja lepinguliikide vahelisi erinevusi ning erinevate turuosaliste, sealhulgas mittefinantsettevõtete ja tooraineturgude, näiteks gaasi- ja elektrituru eripärasid.