See here for an article on the Reuters web site which talks of the difficulties for some of preparing for the start of the new EMIR RTS, on 1st November. It features an interview with Collin Coleman of NEX who discusses the changes, and also the fact that for some Non Financial Counterparties, there will be a further change later next year which reduces the scope. This makes the work seem less worthwhile. It is worth noting that EMIR reporting will still be required for most energy and commodity traders.

The European Commission has published this questions and answers page on their web site, which looks at the proposed changes under EMIR to the supervision of CCPs. These changes have an impact on whether on EU CCPs may clear certain trades, which could include UK based CCPs after “Brexit”.