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.