- European Market Infrastructure Regulation (EMIR) All counterparties are required to report details of any derivative contract they have concluded, or which the counterparty has modified or terminated to a registered Trade Repository.
- Markets in Financial Instruments Directive (MiFID) Currently MiFID transaction reporting only applies to financial instruments admitted for trading on a regulated market (and to OTC derivative contracts linked to those instruments).
- Markets in Financial Instruments Directive (MiFID II) MiFID II is set to come into effect in January 2018 and will govern all aspects of the financial markets, including derivatives trading and reporting. MiFID II will expand derivative transaction reporting obligations.
Brokers that deal in the Israeli Shekel derivative have reporting obligations to the Bank of Israel. All non-Israeli firms who hold a position above the threshold (USD15m in aggregate gross notional) are required to report all OTC Derivative on Shekel FX and rates.
For Further information on your Shekel reporting obligations, visit our Israeli Shekel page.