Events listed in European Market Infrastructure Regulation (EMIR)
EBA publishes validation requirements on initial margin models
ID 24061
EBA published its final draft RTS on IMMV under EMIR and a corresponding opinion. These draft RTS provide supervisory procedures to ensure the prudent use of initial margin models for OTC derivatives. The EBA also called on co-legislators to consider the establishment of a central validation function in the EU. The final draft RTS on IMMV aim to enhance compliance with the **margin framework ...
New consolidated version: Commission Implementing Decision (EU) 2022/1684 of 28 ...
ID 23921
A new consolidated version of Commission Implementing Decision (EU) 2022/1684 as regards the equivalence of the rules and regulations in connection with the supervision of Taiwanese central counterparties (CCPs) was published in the Official Journal (OJ) of the EU. The consolidated version includes the amendments that were made by a corrigendum on June 1, 2023 which corrected the erroneous first review date of the ...
Meldingsprocedure EMIR clearingverplichting
ID 23710
The DNB published on 14 June 2023 this news article informing about the upcoming change and the notification procedure when a fund falls under the EMIR clearing obligation. Pursuant to the exemption provision in Article 89 of the European Market Infrastructure Regulation (EMIR), pension funds have been exempted from the requirement to centrally clear derivatives as specified in Article 4. This exemption ** expired ...
ESAs letter to the European Commission on EMIR bilateral margining framework and ...
ID 23695
The ESAs have written a letter to Mairead McGuinness, Irene Tinagli, and Elisabeth Svantesson, who hold important positions in the EC, EP, and Council of the EU, respectively. The letter addresses the issue of the Bilateral Margin RTS under EMIR. The RTS were initially developed and subsequently amended by the ESAs to align with international standards set by the BCBS and the IOSCO. The ...
Corrigendum to Commission Implementing Decision (EU) 2022/1684 of 28 September 2022 ...
ID 23519
A new Corrigendum to Commission Implementing Decision (EU) 2022/1684 as regards the recognition of equivalent supervisory practices of the Taiwanese regulatory authority and equivalent rules and regulations for the supervision of central counterparties (CCPs) was published in the Official Journal (OJ) of the EU. The corrigendum modifies the original decision on such equivalence, namely Commission Implementing Decision (EU) 2022/1684, **to correct the erroneous first ...
Adverse scenario for the European Securities and Markets Authority’s 2023 ...
ID 23494
The European Systemic Risk Board, ESRB, has published the latest macro-financial scenarios to be used by central counterparties (CCPs) for the 2023 EU-wide CCP stress test. The scenarios were developed by the ESRB’s Task Force on Stress Testing in cooperation with the European Central Bank (ECB) and the European Securities and Markets Authority (ESMA) and were recently sent to ESMA for application. #### *In ...
ESMA launches Fifth Stress Test Exercise for Central Counterparties
ID 23477
ESMA announced the launch of its fifth Stress Test Exercise for CCPs under EMIR. This exercise aims to assess the resilience of CCPs and measure potential risks to the broader financial ecosystem. Fourteen CCPs authorized in the EU and two UK CCPs are included in the exercise. The stress test framework includes several components: **credit stress, concentration risk, liquidity stress, climate risk, and reverse ...
[ESMA70-151-2218 ] Public Register for the Clearing Obligation under EMIR
ID 23446
ESMA has published an new version as of 26 May 2023 of its Public Register for the Clearing Obligation under EMIR as mandated by Article 6 of Regulation (EU) No 648/2012, EMIR, and Article 8 of Commission Delegated Regulation (EU) No 149/2013. In this register, ESMA publicly specifies the following: 1. the „classes of OTC derivatives subject to the clearing obligation“ including OTC interest ...
Corrigendum to Commission Implementing Regulation (EU) 2022/1860 of 10 June 2022 ...
ID 23215
A Corrigendum to Commission Implementing Regulation (EU) 2022/1860 which sets out implementing technical standards under the European Market Infrastructure Regulation (EMIR) for the reporting of derivative contracts by (central) counterparties to trade repositories was published in the Official Journal (OJ) of the EU. **The Corrigendum specifies an omitted reference date in article 10 as regards the date following which data on derivative transactions must ...
Asset Management
conference / webinar
CSSF and CAA joint conference on EMIR Refit Reporting and EMIR Data Quality ...
ID 23069
The CSSF and CAA are hosting in-person events on EMIR Reporting on 5-7 June 2023 at the CSSF’s premises in Luxembourg. As a reminder, on 20 December 2022, ESMA has published the final guidelines for reporting under EMIR to provide clarifications on the (revised) reporting regime and to ensure the consistent implementation of the obligations, thereby covering a wide array of issues ranging from ...