The European Securities and Markets Authority (ESMA) has updated its Questions and Answers (Q&A) paper on the implementation of the European Market Infrastructure Regulation (EMIR). The purpose of the Q&A is to promote common supervisory approaches and practices in the application of EMIR.
In the Q&A, the following topics relating to trade repositories (TRs) were updated on 23 June 2014:
- reporting of collateral;
- reporting of valuations;
- reporting of outstanding positions following the entry into force of EMIR (backloading);
- reporting to TRs: empty fields;
- reporting valuations of swaps on structured products
- collateralisation field;
- contracts with no maturity date;
- notional amount field; and
- over-the-counter derivatives novations.
View ESMA publishes updated EMIR Q&A, 23 June 2014