LK Shields Solicitors

EMIR reporting requirements — what you need to know

The final measures of the European Market Infrastructure Regulation (EMIR) came into force on 12 February 2014. All entities that enter into any derivative contract in the EU will be affected by EMIR, which was directly applicable in all member states.

EMIR was introduced in light of the financial collapse in 2008. Many blamed the collapse on the lack of transparency in the over-the-counter (OTC) derivatives market and how the risk in this area was managed. EMIR covers three primary areas: reporting; clearing through a central counterparty; and risk mitigation.

All entities incorporated in the EU and that enter into derivative contracts come within the scope of EMIR. EMIR essentially applies to central counterparties (CCPs), trade repositories (TRs) and all counterparties who enter into derivative trades that are categorised into financial counterparties and non-financial counterparties (NFC). Financial counterparty is a very broad definition under article 2(8) of EMIR, with the following being caught within the definition…

Click on the link below to read the rest of the LK Shields Solicitors briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from LK Shields Solicitors

View more briefings from LK Shields Solicitors

Overview

40 Upper Mount Street
Dublin 2
Ireland
http://www.lkshields.ie/contact-us