Catch up: REMIT consultation, fines, UK matters and more
After a break we are restarting this blog today. Here are some key stories from the past weeks. REMIT Implementing Act consultation ACER opened a consultation on the changes to…
EMIR UK REFIT Q+As and bilateral margining consultations
The FCA has finalised the first 5 sets of Questions and Answers relating to EMIR REFIT UK, following a consultation (see here). The final versions can be found here. Questions…
EMIR REFIT EU reporting starts tomorrow
Just over 18 months after finalisation which followed much discussion, the reporting phase of EMIR REFIT starts tomorrow in the EU (see here). Many have been preparing for this cutover…
UK updates – EMIR REFIT consultation and TCLC fine
The Financial Conduct Authority (the NCA in the UK) has opened a consultation on the UK version of EMIR REFIT in the form of proposed Questions and Answers. These can…
CBAM delay – EMIR fine
The European Commission has issued this press release which gives "CBAM declarants" extra time to submit the first reports, which were due today (31 January). The Carbon Border Adjustment Mechanism…
Welcome to 2024
The start of a new year gives us a chance to consider what lies ahead. 2024 is the 11th year of this blog, and once again a busy year awaits…
EMIR fine in Ireland – BATE (Swiss REMIT) provisional legislation
Last week the CBI (Central Bank of Ireland) fined an investment fund €192,500 for breaches of the EMIR Article 9 reporting rules. This is the first EMIR reporting fine in…
Catching up: CBAM, EMIR REFIT
This post continues the "catch up" series to cover key items that occurred during our "offline" period (see here for the catch up on REMIT). CBAMOctober 1st saw the start…
Latest REMIT Quarterly – Singapore MAS reporting date announced
ACER has today issued the latest version of the REMIT Quarterly newsletter, which can be found here. In addition to the "usual" statistics, the newsletter summarises the changes proposed by…
EMIR “REFIT” UK to start September 2024
The Bank of England and the Financial Conduct Authority(FCA) have announced the start of changes to EMIR reporting in the UK, which will apply from 30 September 2024. The announcement…