The FCA has updated its web page on its supervisory priorities arising from the European Market Infrastructure Regulation (EMIR).

On the web page the FCA states that it expects firms that are unable to comply with risk mitigation requirements for non-cleared trades relating to portfolio reconciliation, dispute resolution and compression to have a detailed and realistic plan to achieve compliance within the shortest time-frame possible. The FCA expects that such plans will be completed and implemented by 30 April 2014 and that firms will be able to demonstrate compliance after that date.

View FCA supervisory priorities arising from EMIR, 21 February 2014

Leave a Reply

Your email address will not be published. Required fields are marked *