April 2013

EMIR Threshold Notification for Corporates

When EMIR came into force in mid March 2013, one of the first obligations for NFCs (non-financial counterparties) was to notify their respective national authorities (for EMIR) and ESMA about the clearing thresholds, i.e. corporates have to report whether they exceed the clearing threshold as of March 15, or fall below it.

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