A Quick Start Guide to EMIR: What you need to do and when
On 19 December 2012 the Commission adopted the majority of the subordinate legislation necessary to implement Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“EMIR”). The majority of that legislation is likely to become law in or around March 20131 and some risk mitigation requirements will apply at that point.
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