ESMA published new Q&A on EMIR

On the 4th of June 2013, ESMA published the latest Questions and Answers – Implementation of the Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR).

Background
Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (”EMIR”) entered into force on 16 August 2012.

Most of the obligations under EMIR needed to be specified further via regulatory technical standards and they will take effect following the entry into force of the technical standards.

On 19 December 2012 the European Commission adopted without modifications the regulatory technical standards developed by ESMA. These technical standards were published in the Official Journal on 23 February 2013 and entered into force on 15 March 2013.

To read the entire document, please follow the link.

Source: European Securities and Markets Authority 2013