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New EMIR Q+A issued

ESMA have issued a new questions and answers document on EMIR, which can be found here.  It contains one new question, on page 36 which relates to the forthcoming clearing obligation. The  obligation starts in phases, with the effective date depending on which of four “categories” the entity is in, with Category 1 starting first (on June 21st) and Category 4 (Non Financial Counterparties over the clearing threshold” starting later.

The answer discusses by when entities should determine which category they are in, and how and by when they should communicate the outcome to their counterpatries

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.


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