The European Securities and Markets Authority (ESMA) has published an updated version of its questions and answers concerning the implementation of the European Markets Infrastructure Regulation.

The Q&A contains updated answers to questions on a variety of topics including:

  • risk mitigation techniques for over-the-counter derivative contracts not cleared by a central counterparty;
  • collateral requirements and recording of client assets;
  • trade repository registration; and
  • reporting to trade repositories and exchange rate.

View Questions and Answers – Implementation of the Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories, 20 March 2014