you're reading...
EMIR, Mifid

Final guidelines issued by ESMA on the definition of a derivative under MiFiD I Annex I Section C

ESMA have just issued these final guidelines on the definition of a derivative under MiFID I (and therefore also EMIR). The guidelines will apply from August.

These guidelines are important for those in the commodities markets, since they define which trades are in EMIR, and therefore need to be included in EMIR reporting and the calculation of the clearing threshold, amongst other things. The topic has been the subject of much discussion and a consultation that closed a few months ago. The guidelines apply under MiFID I. MiFID II has a further re definition of the rules, which will come into force on 3rd January 2017.

A full analysis of the guidelines will follow.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s