EMIR

EMIR

How to Reconcile When Trades are Reported Using the Compression Method

EMIR transaction reporting rules allow reporting entities to delegate their reporting obligations to a third party, however, the firm still remains ultimately responsible for ensuring the details of their transactions are reported correctly and accurately under Art 9(1) of EMIR.

EMIR

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).

EMIR

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.

EMIR Refit
EMIR

EU EMIR Refit Starts 29 April 2024 – Top 6 Changes That You Need to Know

As anticipated, the new EU EMIR Refit rules have been passed by the European Parliament and require revised reporting to begin on 29 April 2024.  This revision is meant to align EU EMIR with global standards and improve data quality, as such there have been major changes introduced.

Electricity CFDs
EMIR

What Are The Reporting Obligations for Electricity Contracts-for-Difference (CFDs)?

Electricity Contracts for Difference (CFD) were introduced in the UK as part of the Electricity Market Reform implemented in the Energy Act 2013.  The aim was to incentivise investment in renewable energy and improve affordability for consumers. Electricity CFDs are concluded between a renewable generator and Low Carbon Contracts Company (LCCC), a government-owned company. These CFD contracts are awarded for a period of 15 years.