2022 begins
As the year opens, here we gather a few thoughts on what we can expect for the year ahead, with respect to the primary rules covered by this blog, and…
FCA and Bank of England open consultation on UK EMIR reporting
The UK's Financial Conduct Authority together with the Bank of England have opened a consultation on proposed changes to the EMIR reporting regime in the UK. The consultation document can…
ESMA issues discussion paper on the EMIR clearing threshold
ESMA has has issued a discussion paper on the EMIR clearing threshold, which is used to determine whether groups of entities are subject to increased requirements such as those related…
Updated EMIR best practice spreadsheet published
The best practice spreadsheet created by several industry associations including ISDA, EFAMA, EVIA, FIA, BVI, GFXD and IA has been updated. Several best practices have been updated and separate tabs…
FCA regulatory initiatives grid – UK EMIR and MIFID II consultations
The UK's Financial Conduct Authority (FCA) has updated their "Regulatory Initiatives Grid", which can be found here . It includes a revised date for a consultation on EMIR REFIT, now…
New Q+A documents on EMIR, SFTR and MIFID II transparency
ESMA yesterday issued new Questions and Answers documents: EMIR (here) - This has new answers on reporting on valuations (on the last day of a derivative or for intra day…
TR fined by ESMA
UnaVista Limited, who run one of the authorised Trade Repositories that can be used as a reporting destination under EMIR, has been fined EUR 238,500 by ESMA for several infringements…
Hearing for EMIR consultation, Nord Stream 2 ruled within EU regulation, CFTC adds venues to “Brexit exemption”
ESMA has announced that there will be a hearing related to the consultation currently open(see here) around EMIR reporting on the 20th September. More details can be found here. The…
ESMA launches consultation on EMIR REFIT reporting
ESMA has launched a consultation on its draft Guidelines for derivatives reporting under EMIR. The document can be found here. It follows the report issued by ESMA in December 2020,…
CBI thematic review of algo trading. FCA regulatory initiatives including EMIR
The Central Bank of Ireland has conducted a "Thematic assessment on Algorithmic Trading Firms’ compliance with RTS 6 of MIFID II". The open letter can be found here. Regulatory Technical…