What is EMIR trade reporting?
EMIR mandates reporting of all derivatives to Trade Repositories (TRs). They play a central role in enhancing the transparency of derivative markets and reducing risks to financial stability. …
What is EMIR reporting requirements?
EMIR requires reporting of the transaction details for both types of derivatives trades – exchange traded derivatives (ETD) and OTC derivatives. For example, the derivative contracts traded on MTFs (multilateral trading facilities) are OTC derivatives in the context of EMIR.
What does EMIR apply to?
EMIR covers entities that qualify for derivative contracts in regards to interest rate, equity, foreign exchange, or credit and commodity derivatives. It also outlines three sets of obligations, including the clearing, reporting and risk mitigation of applicable products.
Are FX forwards reportable under EMIR?
In its guidance (published in the context of the reporting obligations which apply under EMIR), the Central Bank of Ireland provides that, as a temporary measure, FX forwards which settle between T+3 and T+7 are generally not required to be reported for EMIR purposes.
Are central banks exempt from EMIR?
According to Article 1(4) of EMIR, the Union’s central banks and Union public bodies charged with or intervening in the management of the public debt are exempted from EMIR and are therefore not subject to these obligations.
What is remit energy trading?
Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is an EU regulation designed to increase the transparency and stability of the European energy markets while combating insider trading and market manipulation. REMIT was adopted in the European Union in 2011.
What is European remit?
The REMIT Regulation aims to promote an open and fair competition on wholesale energy markets for the benefit of final consumers. This is why REMIT establishes rules shared at European level for the integrity and transparency of wholesale energy markets to prevent abusive practices.