As we know this will be the year of Regulators across the globe, the deadlines are approaching to implement the regulations and some regulations already imposed on the financial industry. Trade Repositories to offer their services to Europe’s entities and ESMA’s updated version of EMIR implementation timeline showed the 12th of February as the start date for trade reporting, for all derivative asset classes, for both ETD and OTC derivatives.
Addressing few questions today and will continue to address in the future posts.
Question1: What’s your budget for Regulatory projects? Continue reading “Regulations 🙂 EMIR Trade Reporting – 1”
Have done a series of post on the US regulations Dodd Frank time now to share some thoughts on the EUROPE region.
The “European Market Infrastructure Regulation,” known as EMIR, was adopted on July 4, 2012, as the Regulation on OTC Derivatives, Central Counterparties and Trade Repositories (EU 648/2012), and took effect in all EU Member States on August 16, 2012. As an EU Regulation, EMIR is effective in EU Member States without the need for national regulations or legislation.
The EMIR regulatory framework is made up of Regulation EU 648/2012 (the “Regulation”) and several European Commission Implementing Regulations and Delegated Regulations which set out technical standards addressing matters of detail under the Regulation. The Implementing Regulations and Delegated Regulations were published in the Official Journal of the European Union on February 23, 2013, and became effective on March 15, 2013. Continue reading “OTC Derivatives Regulations – Focus Europe”