Blog article
See all stories »

Notification requirements under EMIR - FSA approach

FSA has a new webpage  setting out the notifications required from 15 March from financial and non-financial counterparties under the European Markets Infrastructure Regulation (EMIR). 

 The key points are that for:·    

-     unconfirmed OTC derivative transactions - financial counterparties must have procedures in place to report on a monthly basis any unconfirmed OTC derivative transactions that have been outstanding for more than five business days.  FSA will contact firms directly to request such information; and·       

-  transactions which exceed the clearing thresholds - non-financial counterparties must complete forms to notify FSA when they have breached or no longer exceed this threshold.  

FSA new website link:http://www.fsa.gov.uk/about/what/international/emir/emir-notifications-and-exemptions

2230

Comments: (0)

Blog group founder

Member since

0

Location

0

More from member

This post is from a series of posts in the group:

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.


See all