19 January 2017

44975

Retired Member

2,133Posts 7,099,888Views 2,391Comments
Finextra community

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.

ESMA updates EMIR questions and answers

21 March 2014  |  1718 views  |  0

The European Securities and Markets Authority (ESMA) has updated its question and answers (Q&As) on the Implementation of the Regulation (EU) No 648/2012 on OTC derivatives central counterparties and trade repositories (EMIR). The updates relate to: 

OTC Questions

· The responsibility of the Financial Counterparties vis-à-vis its non-Financial Counterparties (assessing whether they are above or below the clearing threshold) - Qn 4

· Intragroup transactions – Qn 6

· Public register – Qn 7

· Reporting of unconfirmed trades for more than 5 business days – Qn 8

· Notional amounts – Qn 9

· Risk mitigation techniques for OTC derivative contracts not cleared by a CCP – Qn 12 

CCP Questions

· Most relevant currencies for the determination of participation in a college – Qn 1

· requirements and recording of client assets – Qn 2

· Review of models, stress-testing and back-testing – Qn 5

· Segregation and portability – Qn 8 

Trade repository Questions – including trade reporting

· Trade repository registration – Qn 2

· Reporting of outstanding positions following the entry into force of EMIR (Backloading) – Qn 4

· Reporting to Trade Repositories: cleared trades – Qn 6

· Reporting to Trade Repositories:  Buy/Sell indicator for swaps – Qn 24 

New Q&As in this section:

· Reporting to Trade Repositories: Underlying field 9 of EMIR 20 March 2014 – Qn 28

· Reporting to Trade Repositories: Field 15 for NFC 9 of EMIR 20 March 2014 – Qn 29

· Reporting to Trade Repositories: MIC codes 9 of EMIR 20 March 2014 – Qn 30

· Reporting to Trade Repositories: Exchange rate 9 of EMIR 20 March 2014 – Qn 31


Related link:

http://www.esma.europa.eu/system/files/2014-297_qa_vii_on_emir_implementation_20_march_14.pdf  

Comments: (0)

Comment on this story (membership required)

Latest posts from

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

Member since 2009
2133 posts2,391 comments
What Retired reads

Who's commenting on Retired's posts

Ketharaman Swaminathan
Alex Aleksandrovski
Melvin Haskins
João Bohner
Steven Hatton
Kunal Patel
Graham Seel
Nikhil Thadani
Richard Crookston
Jean-Bernard Tanqueray
Daniel Smith
Gerard Hergenroeder