Statute
EMIR
329 published works
Global Regulation Tomorrow
ESMA consults on draft technical advice to the European Commission on fees charged to tier 1 third-country CCPs under EMIR
By Anna Carrier (BE), Floortje Nagelkerke (NL)
On 12 October 2023, the European Securities and Markets Authority (ESMA) published a consultation paper on draft technical advice to the European Commission on fees charged to tier 1 third-country…
Global Regulation Tomorrow
ESRB response to ESMA’s final report on extending emergency measures on CCP collateral requirements
By Simon Lovegrove (UK), Jochen Vester (UK)
On 2 October 2023, the European Systemic Risk Board (ESRB) published its response to the European Securities and Markets Authority’s (ESMA) final report on extending emergency measures on central counterparty…
Global Regulation Tomorrow
New Regulation Tomorrow Plus podcast: Firms’ obligations to record and retain communications under UK REMIT
By Hannah Meakin (UK), Anita Edwards, Jonathan Herbst (UK)
In this Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the obligations that firms have under UK REMIT to record and retain communications relating to their…
Global Regulation Tomorrow
EBA publishes final draft RTS on initial margin model validation
By Simon Lovegrove (UK), Jochen Vester (UK)
On 6 July 2023, the European Banking Authority (EBA) published final draft regulatory technical standards (RTS) on initial margin model validation (IMMV) under Article 11(15)(aa) of the European Market Infrastructure…
Global Regulation Tomorrow
ESAs publish letter to the European Commission on the EMIR bilateral margining framework and equity options
On 13 June 2023, the European Supervisory Authorities (ESAs) published a letter to the European Commission (the Commission) on the EMIR bilateral margining framework and equity options. In the letter…
Global Regulation Tomorrow
ESMA publishes guidelines further specifying the circumstances for temporary restrictions in the case of significant non-default event in accordance with Article 45a of EMIR
On 2 June 2023, the European Securities and Markets Authority (ESMA) published guidelines further specifying the circumstances for temporary restrictions in the case of a significant non-default event in accordance…
Global Regulation Tomorrow
ESMA recognises four new third country CCPs
On 2 May 2023, the European Securities and Markets Authority (ESMA) announced that it had recognised four new third country central counterparties (TC-CCPs), under Article 25 of the European Market…
Other
Commission Delegated Regulation on amending the RTS in Delegated Regulation 2018/1229 as regards the penalty mechanism for settlement fails relating to cleared transactions submitted by CCPs for settlement
On 19 April 2023, the European Commission published Commission Delegated Regulation (EU) of 19.4.2023 on amending the regulatory technical standards laid down in Delegated Regulation (EU) 2018/1229 as regards the…
Global Regulation Tomorrow
Clearing obligation for pension scheme arrangements – differing EU and UK approaches to the 18 June 2023 deadline
By Simon Lovegrove (UK), Hannah Meakin (UK), Floortje Nagelkerke (NL), Anna Carrier (BE), Jonathan Herbst (UK)
Introduction UK and EU pension funds are currently exempt from the clearing obligation under the European Market Infrastructure Regulation (EMIR) as a result of the transitional provisions in Article 89…
Restructuring Globalview
What is in your Derivatives?
By Leona McManus, Robert Lendino, Sabina Khan
Recent market shocks (from the 2022 mini budget which triggered a pension fund crisis to more recent developments with respect to Credit Suisse, Silicon Valley Bank and Signature Bank) will…