The European Securities and Markets Authority (ESMA) has published an updated version of its Q&A on the implementation of the European Markets Infrastructure Regulation (EMIR).

The updated Q&A includes answers to the following new questions:

  • OTC Question 13(c): Does a pension scheme established in a third country benefit from the exemption from the clearing obligation provided under EMIR?; and
  • CCP Question 8(i) relating to whether non-EU clearing members of EU CCPs are subject to the segregation requirements in article 39 of EMIR?

View Questions and answers: Implementation of the Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR), 10 July 2014