FinfraG - Trade Repositories finally appointed

On April 1, 2017, FINMA has finally appointed SIX and REGIS-TR as (first) trade repositories for FinfraG-reporting.

This means that the reporting obligation for NFC-s will start on April 1, 2018.

FINMA announcement in German, English, French.

EMIR reporting - revised Regulatory Technical Standards (RTS)

On 21 January 2017, the revised Regulatory Technical Standards (RTS) for EMIR were published in the official journal of the European Union. These standards will become effective as of November 1, 2017.

REGIS-TR have put together some of the key aspects in a short presentation.

If you don't want to deal with all the details that will make the EMIR-reporting even more complicated than it actually is, we do. Get in touch in case you want us to take care of all these issues for you.

EMIRate - client no. 100. And counting.

Oops. That can happen when you are really busy. We almost forgot to tell you: EMIRate client no. 100 has signed, 101, 102 and 103 too. http://www.emir-ate.com

EMIRate - who will be client no. 100?

Last week we signed our 99th EMIRate client. So, who will be no. 100? Don't wait too long, we have a surprise for you.

Norway, Iceland, Liechtenstein

As EEA-member countries, Norway, Iceland and Liechtenstein will have to adopt EMIR into their national legislations. The interesting aspect is that they will have to do this at the same time with the same effective dates. Since the introduction of EMIR in these countries induces changes of the national constitutions that require a respective decision by the national governments, this process is still ongoing and no final dates have been decided yet. If you want to be kept updated with regards to this topic, please sign up for our newsletter and / or check back on our website.

First REMIT client signed

Our first client using our REMIT-service signed the SLA yesterday. We are very much looking forward to the cooperation with FrieslandCampina.

REGIS-TR to become repository for FinfraG-Reporting

REGIS-TR today announced that they have submitted a letter of intent to the Swiss regulatory authority FINMA to become a recognised foreign trade repository in Switzerland. This will allow market participants to use REGIS-TR to report derivatives trades as required under the Swiss FinfraG regulation.

We expect our clients and of course other Swiss entities to be able to use our platform and service to report all trades that will not be reported by their counterparties (e.g. foreign banks).

EMIR backloading service

More and more clients like our headache-free backloading service. Should you have trades that nobody will report for you, we do. For more information please contact us at emirate@treamo.com.

New EMIRate clients ...

Year-end rally picks up speed. Today we signed new EMIRate clients from Austria, Finland and Sweden.

ESMA publishes final report to the EU commission

ESMA have released the final version of their report to the EU commission.

The document (a 90 pages thriller) can be found here.

The EU commission now has three months to respond.

The most important aspects and/or changes for NFC-s in a nutshell (please note that these are - for the time being - just recommendations by ESMA):

1. No exemption of intra-group trades, dual-sided reporting for all counterparties / trades still necessary (both aspects have not even been mentioned in the report).

2. Backloading period extended to five years (instead of three years)- some market participants hoped that the backloading obligation will be abandoned, which is obviously not the case.

3. All counterparties will have to report a so-called 'corporate sector' - this will be supported by EMIRate

4. Last, but not least a - as we think - really funny aspect - for options, in the future the strike price has to be reported as notional. We had to look twice, we rubbed our eyes, but it still was there, black on white. Interesting, Watson!

As mentioned before, these are just proposals. We don't accept any bets, but firmly believe that this will come as proposed by ESMA.