• EU Derivatives Trade Reporting Obligations to Begin on February 12, 2014
  • November 19, 2013
  • Law Firm: Skadden Arps Slate Meagher Flom LLP - New York Office
  • Starting February 12, 2014, the European Market Infrastructure Regulation (EMIR) will require EU-counterparties to all derivative contracts, whether traded on or off exchange, to report certain trade information and details to a registered trade repository (TR) for that particular class of derivatives. The annex to the Commission Delegated Regulation (EU) No 148/2013 sets out the data items that need to be reported to a TR. The annex to the Commission Implementing Regulation (EU) No 1247/2012 specifies the format of the report. Derivatives contracts entered into prior to August 16, 2012 that were outstanding on that date and derivatives contracts entered into on or after August 16, 2012 must be reported to a TR.