Last week ESMA issued this statement relating to the upcoming expiry of the temporary carve out provided to certain entities, including those designed as "NFC+" under EMIR, from the clearing…
In 5 months' time, the UK will no longer be part of the European Union. With no deal agreed at this stage, many are now preparing for a "hard Brexit"…
Nasdaq has announced a default on the Nordic Commodities market in this notice, which has been followed by this statement identifying the defaulting party as Einar Aas, a private trader. There…
We are back after a short break for the summer. Last week, the UK's Financial Conduct Authority published this research note into the thresholds used in EMIR for Financial Counterparties…
ESMA has updated the spreadsheet that defines that validations used for EMIR reporting. The updated sheet can be found here. The changes will apply from 5th November. The following fields…
Updated EMIR Questions and Answers document ESMA yesterday released this updated version of the questions and answer document relating to EMIR. The key answer of interest is TR 40 on…
Yesterday Verena Ross, ESMA Executive Director gave this speech on the use of Legal Entity Identifiers(LEI), in particular with reference to MiFID II. This follows the announcement last week that LEIs…
The European Parliament has agreed in a plenary session to the proposed changes to EMIR as part of the REFIT process, passed by the ECON committee a few weeks ago…
The European Council yesterday agreed its position to update and increase the role of the Agency for the Coordination of Energy Regulators (ACER), who are, amongst other things, responsible for…
ESMA has today published an updated Questions and Answers document on EMIR, which can be found here. The updated answers include several on the reporting of derivatives trades, which will…