ESMA has approved NEX Abide Financial’s application to run an EMIR Trade Repository. The notice from ESMA can be found here. This takes the number of approved TRs to 8, and follows the changing of formats introduced on 1st November (see here).

Earlier this year the European Commission issued a legislative proposal specifying intended changes to the Level 1 text of EMIR, including several changes that would impact those in energy and commodities (see here) resulting in more comments from industry bodies (see here).  This article on The OTC Space by Peter Ten-Broeke of UniCredit Bank AG looks at and comments on different aspects of the proposal.