ESMA publishes updates to EMIR Q&As

The newly added Trade Repository (TR) Q&A 54 provides clarifications on reporting of OTC derivatives by a financial counterparty (FC) on behalf of a non-financial counterparty below clearing threshold (NFC-) under EMIR Refit.

Metadata
Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-publishes-updates-emir-qashttps://www.esma.europa.eu/press-news/esma-news/esma-publishes-updates-emir-qas
Retrieved on: 
Friday, May 29, 2020
Information
Tags: 
Financial regulation, Corporate law, Systemic risk, Economy, European Market Infrastructure Regulation, Financial markets, Business law, Trade Repository, ACT, Derivative
Summary
Key Points: 
  • The newly added Trade Repository (TR) Q&A 54 provides clarifications on reporting of OTC derivatives by a financial counterparty (FC) on behalf of a non-financial counterparty below clearing threshold (NFC-) under EMIR Refit.
  • The purpose of this Q&A is to promote common supervisory approaches and practices in the application of EMIR.
  • This document aims to ensure that the supervisory activities of the competent authorities under the Regulation are converging along the lines of the responses adopted by ESMA.
  • ESMA will periodically review these Q&A and update them where required.
Copyright: 
2020 ESMA. All Rights Reserved.