General Information & Client Services
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
October 07, 2017

EC published a Commission Delegated Regulation (CDR; EU Regulation 2017/1800) that further specifies the operational standards required to access, aggregate, and compare data across trade repositories. EU Regulation 2017/1800 amends Delegated Regulation (EU) No 151/2013, which supplements European Market Infrastructure Regulation (EMIR: Regulation (EU) No 648/2012). Regulation 2017/1800 shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union and shall apply from November 01, 2017.

Regulation (EU) No 151/2013 is being amended to further specify and improve the operational framework for accessing, aggregating, and comparing data across trade repositories. These amendments ensure that the entities referred to in Article 81(3) of EMIR are able to access the information necessary to fulfill their respective responsibilities and mandates. EU Regulation 2017/1800 is based on the draft regulatory technical standards submitted by ESMA to the EC. As part of the amendments to the Regulation (EU) No 151/2013, Paragraph 1 of Article 4 is being replaced; Paragraph 2 of Article 4 is being deleted; and Paragraphs 3 to 9 are being added in Article 5. Additionally, the deadlines by which data is provided to the relevant entities by trade repositories should be harmonized to improve the direct and immediate access to trade repository data and allow the relevant entities and the trade repositories to improve the scheduling of their internal data processes.

This amendment was required because data concerning the latest trade state of derivatives contracts with open interest is essential for monitoring financial stability and systemic risk. Therefore, the relevant entities should have access to that data. The lack of standardized data, uniform functionality, and a standardized message format has impeded the direct and immediate access to data, thus preventing the entities referred to in Article 81(3) of EMIR from effectively assessing systemic risk and fulfilling their respective responsibilities and mandates.

 

Related Links 

 

Effective Date: October 27, 2017

Keywords: Europe, Securities, EMIR, CDR 2017/1800, CDR 151/2013, Trade Repository, OTC Derivatives, EC

Related Insights
News

IAIS Publishes Drafts of Revised ICP 8, ICP 15, ICP 16, and ICP 20

IAIS published the drafts of revised Insurance Core Principles on Public Disclosure (ICP 20), Investments (ICP 15), Enterprise Risk Management for Solvency Purposes (ICP 16), and Risk Management and Internal Controls (ICP 8), along with a revised draft of the glossary on enterprise risk management (ERM).

November 14, 2018 WebPage Regulatory News
News

MAS Amends Notice 637 on Capital Adequacy Requirements in Singapore

MAS published the final, revised Notice 637 on the risk-based capital adequacy requirements in Singapore.

November 13, 2018 WebPage Regulatory News
News

ESMA Updates Q&A on Implementation of CSD Regulation and MAR

ESMA updated questions and answers (Q&A) documents on the implementation of the Central Securities Depository (CSD) Regulation and Market Abuse Regulation (MAR).

November 12, 2018 WebPage Regulatory News
News

FSB Finalizes and Publishes the Cyber Lexicon

FSB published a cyber lexicon, following the public consultation earlier this year.

November 12, 2018 WebPage Regulatory News
News

SRB Updates Liability Data Reporting Template for 2019

SRB published version 2.7.1 of the Liability Data Reporting (LDR) Template.

November 12, 2018 WebPage Regulatory News
News

ECB to Conduct Comprehensive Assessment of Six Bulgarian Banks

ECB will undertake a comprehensive assessment of six Bulgarian banks. The exercise, comprising an asset quality review and a stress test, follows Bulgaria’s submission of a request to establish close cooperation with ECB on July 18, 2018.

November 12, 2018 WebPage Regulatory News
News

IMF Publishes Reports on the 2018 Article IV Consultation with Chile

IMF published its staff report and selected issues report under the 2018 Article IV consultation with Chile.

November 09, 2018 WebPage Regulatory News
News

PRA Issues PS27/18 on Implementing the Extension of SM&CR to Insurers

PRA published the policy statement PS27/18, which provides feedback to responses to the consultation paper CP20/18, on implementing the extension of the Senior Managers and Certification Regime (SM&CR) to insurers (Part 2).

November 09, 2018 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for November 2018

EBA published answers to seven questions under the Single Rulebook question and answer (Q&A) updates for this week.

November 09, 2018 WebPage Regulatory News
News

FED Finalizes the Large Financial Institution Rating System

FED finalized the new supervisory rating system for Large Financial Institutions (LFIs), to better align with the current supervisory programs and practices for these firms.

November 09, 2018 WebPage Regulatory News
RESULTS 1 - 10 OF 2204