ESMA updates EMIR Q&A-continued

October 2, 2019--The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding data reporting issues, stemming from the European Markets Infrastructure Regulation (EMIR).
The Q&As clarify:
OTC Question 2(h) on when counterparties that start taking positions in OTC derivatives need to notify the relevant NCAs and ESMA;
OTC Question 4 on whether counterparties not subject to the clearing obligation should also obtain representation;

OTC Question 13 on how a counterparty should determine whether an entity established in a third country would be an FC+/- or NFC+/- if it was established in the Union;

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Source: ESMA


Europe ETP News
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