Featured Product

    ESMA Updates Q&A on Implementation of EMIR and MiFIR in September 2018

    September 26, 2018

    ESMA updated questions and answers (Q&A) documents on the implementation of the European Markets Infrastructure Regulation (EMIR) and on data reporting under the Market in Financial Instruments Regulation (MiFIR).

    The updates include the following:

    • Q&A on EMIR—The update includes a clarification on access models at European central counterparties (CCPs) and on models that typically aim to facilitate buy-side or small participant access to CCPs and to allow better capital treatment for clearing members. A Q&A has also been added to the trade repositories section of the document, explaining how a reporting counterparty should report an FX swap derivative under Article 9 of EMIR. This specific Q&A should be implemented in 12 months after its publication.
    • Q&A on MiFIR— The updated Q&A document includes answers related to foreign exchange (FX) swaps reporting and interest rate swaps reporting. The answer on FX swaps reporting includes reference data and transaction reporting scenarios where an FX swap is reported as a single stand-alone financial instrument. The answer on reporting of interest rate swaps includes reference data and transaction reporting scenarios involving interest rate swaps. The updated question and answer related to reference data Fields 8-11 clarifies how trading venues should populate Fields 8-11 in the reports submitted under Article 4 Market Abuse Regulation (MAR) and Article 27 MiFIR. The updated Q&A document also covers an amendment to the existing Q&A on total issued nominal amount.

    The Q&A mechanism is a practical convergence tool used to promote common supervisory approaches and practices. It is intended to help investors and other market participants by providing clarity on the regulatory requirements.

     

    Related Links

    Keywords: Europe, EU, Securities, EMIR, MiFIR, Data Reporting, Q&A, ESMA

    Related Articles
    News

    BoE Provides Reporting Update on Form AS and Form FV

    BoE updated the known issues document for the statistical reporting Forms AS and FV.

    August 10, 2020 WebPage Regulatory News
    News

    EBA Provides Clarity on Implementation of Guidance on COVID Reporting

    EBA updated the report on the implementation of selected COVID-19 policies.

    August 07, 2020 WebPage Regulatory News
    News

    OSFI Provides Update on Implementation of IFRS 17 in Canada

    OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.

    August 07, 2020 WebPage Regulatory News
    News

    FSI Note Discusses Challenges Associated with COVID Relief Measures

    The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.

    August 06, 2020 WebPage Regulatory News
    News

    BCBS Consults on Principles for Operational Risk and Resilience

    BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.

    August 06, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.

    August 05, 2020 WebPage Regulatory News
    News

    MAS Announces Key Initiatives to Support Adoption of SORA

    MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.

    August 05, 2020 WebPage Regulatory News
    News

    HKMA Announces Repayment Deferment Under Payment Holiday Scheme

    HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.

    August 05, 2020 WebPage Regulatory News
    News

    ESRB Paper Presents Alternative Approach to EBA Stress Test Proposal

    The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.

    August 05, 2020 WebPage Regulatory News
    News

    FASB Simplifies Accounting for Certain Financial Instruments

    FASB issued a new Accounting Standards Update (2020-06) to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.

    August 05, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5642