Ten things you need to know about EMIR
By Sam Robinson
We have been talking about the European Market Infrastructure Regulation (EMIR) for years. With certain parts of EMIR now in force and others planned for later this year, here are 10 key questions to help you understand if, and how, you will be affected by EMIR.
1. Should I care about EMIR? Generally, if you are based in the European Economic Area and trade in derivatives, whether on exchange or ‘over the counter’ (OTC), you will be affected by EMIR. The exact impact of EMIR will depend on the type of firm, as well as the level and type of derivative exposure of the particular firm.
2. What are the requirements under EMIR? In summary, EMIR brings in new requirements relating to: authorisation and supervision of central counterparties (CCPs) and trade repositories (TRs); reporting trade details of all derivative trades (not just OTC) to TRs; clearing ‘eligible’ OTC derivatives through a CCP; and when OTC derivatives are not centrally cleared, firms will need to implement alternative risk mitigation techniques…
If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
Nabarro has published its Pensions Update for December 2013. The publication covers the Autumn Statement, same-sex marriage, lifetime allowance and more.
Legislation has been introduced in the Finance Bill 2014 regarding the SDLT relief available to a charity where it purchases a property jointly with a non-charity purchaser.
Analysis from The Lawyer
Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm. Google’s ...
A few UK200 firms – such as DWF – have managed to grow in the downturn. A few, such as Berwin Leighton Paisner, have come back stronger than ever after a wobble. Nabarro fits into neither category.