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EMIR, Uncategorized

Amended EMIR RTS published in the Offical Journal – New reporting starts on 1st November

Following its adoption by the European Commission a few weeks ago(see here), the amended Regulatory technical Standard (RTS) on EMIR reporting has now been published in the Official Journal of the European Union, and can be found here. This means that the start date for the new reporting formats is 1st November 2017. It also confirms the delay of the final stage of backloading under EMIR for two years until 12 February 2019.

The main impact for the energy and commodity trading industry will be the changes in reporting, and the backloading delay, which has the potential for implementation difficulty. There are also several other important changes, which are detailed here on the EMIR Reporting web site.

 

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy 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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