For every derivative trade between two counterparties, both counterparties must report, as long as both counterparties are captured within the EMIR regulation.
UK EMIR is the UK version of EMIR. The European Union (Withdrawal) Act 2018 (EUWA) enables the EMIR to be converted into UK law.
TRAction is proud to announce an expanded collaborative partnership with UnaVista, London Stock Exchange Group’s regulatory reporting platform.
What needs to be reported under EMIR for Collateral? For the purpose of EMIR Trade Reports, collateral is broken down into three types.
TRAction has been again named as one of the most innovative RegTech companies using technology to solve a significant regulatory problem, in our case transaction reporting.
Both the Financial Conduct Authority and Cyprus Securities and Exchange Commission have made it clear that one of their main focus areas in 2019 is to review and continue monitoring investment firms’ MiFID II and EMIR transaction reporting compliance.
CySEC has warned that CIFs who fail to comply with the regulatory requirements will face enforcement action. Please don’t hesitate to contact us to discuss any of the issues raised by CySEC below.
TRAction is a proud silver sponsor at this year’s Trade And Transaction Reporting Northern Europe conference in Stockholm on the 17th and 18th October 2018.
Firms conducting business in the European Economic Area may be subject to multiple sets of reporting obligations and need to review both regimes.