What do ‘MAKE’/’TAKE’ mean in relation to Buy/Sell?
https://youtu.be/fjiELER1S30 TRAction have noticed that firms reporting under various reporting regimes have been unclear on who is the party that ‘makes’ or ‘takes’ the payment in the leg of a transaction. The ASIC Technical Guidance provides assistance on how to compete various items within Table S1.1(1): Transaction information (Table). TRAction looks at the ASIC requirements […]
Need to update Pre-EMIR Refit trades? Time is running out
Under the UK EMIR Refit regulations which commenced on 30 September 2024 in the UK, a 180 day (6 month) transition period was provided to allow for reporting entities to update their non-compliant (i.e. not compliant with EMIR Refit) trades entered into before the Implementation Date. This means the UK EMIR Refit old format (for […]
