May 2013

EMIR debate Nov 2012 (video recording) in the German Parliament

This is a quite informative video recording of the first consultation of the draft implementing law to Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR Implementation Act). 
The debate is in German, was opened by Ralph Brinkhaus and provides an excellent overview of the motivation for the EMIR regulation.

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EMIR: Indicative reporting timeline updated by ESMA

ESMA issued an updated timeline (indicative) on May 22, 2013. 
Emphasis is placed on the fact of the Trade Repository (TR) registration process and the impact on the earliest reporting start dates. ESMA itself doubts the indicative reporting start date due to the delayed registration process for trade repositories. Currently we are aware of seven trade repositories which have announced their interest in becoming authorized by ESMA!

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Are you ready for reporting to TR?

According to EMIR legislation, Sep 23, 2013 has been tentatively defined as the starting date for the first wave of reporting requirements. Interest rate and credit derivatives must be reported to a TR. What are the main concerns in order to comply with this deadline? What difficulties are you already aware from an implementation point of view?

Potential TR candidates

Entities must apply to ESMA and be registered or recognized by ESMA as a TR in order for firms to be able to use them to meet the reporting obligation under EMIR. Below is a list of entities which have publicly announced their intention to seek registration or recognition as a TR from ESMA:

Please note that the order of the entities and the list itself do not constitute any form of endorsement!