CySEC Highlights Areas of Concern on EMIR Reporting in Circular C545
Following a series of reviews that the Cyprus Securities and Exchange Commission (CySEC) has recently carried out on EMIR data quality being submitted by Regulated Entities to Trade Repositories (TR), they outlined several areas of concern in Circular C545.
Digital Option Reportability
A digital option is an instrument which allows traders to manually set the strike price and expiration date by taking a position with only two possible outcomes and a fixed payout. In order to profit, the price of a security must exceed the predetermined strike price.
What is UK EMIR (also known as UKMIR)?
UK EMIR is the UK version of EMIR. The European Union (Withdrawal) Act 2018 (EUWA) enables the EMIR to be converted into UK law.
ESMA Q&A Update – MiFID II and MiFIR Market Structures
MiFID II and MiFIR commodity derivatives
What is an NFC-?
Entering into derivative transactions, you become a ‘counterparty’.
EMIR introduces two types of counterparties: Financial Counterparties (FC) or Non-Financial Counterparties (NFC).
How Are Repurchase Agreements Reported for SFTR?
A repurchase agreement (repo) is a form of short-term secured loan where one party sells securities to another and agrees to repurchase those securities later at a higher price with the securities serving as collateral for the borrower.
Refit, Rewrite, RTS, EMIR II; Navigating the Maze of EMIR Version Names
Regulatory reporting is hard enough without the confusion over which version of each regime is the latest. EMIR has gone through a number of variations since it was first implemented in 2012. We thought it would be a great time to outline what the EMIR version names relate to and where we are currently at as we anticipate further changes to the regime.
Corporate Actions and Trade Reporting
Corporate actions bring about material changes to an organisation and impact its stakeholders, including both stock and debt holders. To be implemented, the decision generally needs to be approved by the company’s board of directors, the shareholders or both as the corporate action directly affects the securities issued by the company.
ESMA Q&A Update – MiFID II and MiFIR Market Structures Topics
There has been an addition to the Q&As where trading venues are allowed to set instrument-level trading hours for specific financial instruments as long as the trading hours are announced to the public and market participants.
ESMA Q&A Update – MiFID II and MiFIR Commodity Derivatives Topics
The latest Q&A update is tied to the release of Commission Delegated Regulation (EU) 2022/1302 (RTS 21a) in April 2022 regarding position limits on commodity derivatives and changes to the ancillary activity exemption.