EMIR REFIT Final Report and validations published
ESMA has today published a Final Report regarding the EU EMIR REFIT on reporting, a major change that will go into force on 29th April 2024(see here). The Final Report…
EMIR clearing threshold change, a webinar and a regulation on a market correction mechanism
Yesterday an amending regulation was published in the Official Journal of the European Union changing the EMIR clearing threshold for commodity derivatives to 4bn EUR from 3bn EUR. It can…
EU proposes new gas interventions – News on EMIR clearing threshold
There has been a great deal of activity in the area of market interventions (see here) . The European Commission DG Energy has proposed this regulation which amongst other things:…
ISDA letter on EMIR review, Finfrag delay and EFET letter on energy market interventions
ISDA has written this open letter to the European Commission, ESMA and others in relation to the different reviews taking place with respect to EMIR. There are 12 recommendations, which…
EMIR REFIT date set and energy intervention finalised
The significant changes to EMIR reporting that have been in discussion for quite some time (see here) will apply in the EU from the 29th April 2024, following the publication…
DG FISMA and ESMA discuss market issues
On 13th September the European Commission DG FISMA sent this letter to ESMA, asking for a response to the following topics: Whether better use should be made of circuit breakers…
EMIR REFIT for reporting adopted by European Commission
The European Commission DG FISMA has adopted a series of Delegated and Implementing Acts relating to the upcoming significant changes to EMIR reporting, and activities surround it (see here). These…
ESMA proposes to increase NFC EMIR clearing threshold
ESMA has today published this Final Report together with this press release recommending to the European Commission that the Non Financial Counterparty (NFC) EMIR clearing threshold be raised from 3bn…
UK TR approved, Ofgem REMIT statements updated, coupling and more
The REGIS TR UK EMIR Trade Repository has received a full licence, as announced here. The TR has been available for use since the end of the Brexit transitional period,…
ISDA response to the UK EMIR Consultation
ISDA has published a response to the consultation recently run by the FCA and Bank of England on proposed changes to the EMIR reporting rules in the UK (see here).…