ESMA updates EMIR validation rules
09 March 2018 Paris
Image: Shutterstock
The European Securities and Markets Authority (ESMA) has updated its validation rules regarding the European Markets Infrastructure Regulation (EMIR).
The rules relate to the revised technical standards on reporting under article 9 of EMIR.
The new rules declare an allowance for the reporting of exchange-traded derivatives in products for which the effective date may be earlier than the date of execution.
It also clarifies how the identification of the product should be validated in the reports submitted on or after 3 January 2018.
A white paper jointly released by Minium, IBM and Promontory in February, explained the importance of EMIR in establishing “prudential and risk-mitigation techniques and operational requirements for derivatives transactions.”
It added that EMIR will also require central counterparties and trade repositories to “fulfill prudential minimum requirements”.
The rules relate to the revised technical standards on reporting under article 9 of EMIR.
The new rules declare an allowance for the reporting of exchange-traded derivatives in products for which the effective date may be earlier than the date of execution.
It also clarifies how the identification of the product should be validated in the reports submitted on or after 3 January 2018.
A white paper jointly released by Minium, IBM and Promontory in February, explained the importance of EMIR in establishing “prudential and risk-mitigation techniques and operational requirements for derivatives transactions.”
It added that EMIR will also require central counterparties and trade repositories to “fulfill prudential minimum requirements”.
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