The ACT’s Policy & Technical team represent the interests of treasury in discussions with regulators on areas affecting the real economy. Here we share articles and guides to help treasurers and their businesses.
Members using derivatives should be aware that from 17 June 2019 any intra-group transaction where one counterparty is a non-financial counterparty (or would be qualified as a non-financial counterparty if it were established in the Union) is exempt from the reporting obligation under EMIR Refit providing that specific circumstances are met.
The ACT, under the auspices of the EACT, together with other corporate end-user associations, has issued a position paper outlining the priorities from the end user perspective for the EMIR REFIT review.
Following the early February political sign-off by Parliament and Council negotiators in trialogue of the EMIR Refit agreement that was struck before Christmas between the Council and rapporteur Langen, we wanted to share with you the latest technical drafting that has emerged.
The European Securities and Markets Authority (ESMA) is aware of challenges that certain pension scheme arrangements (PSA) would face to start clearing their OTC derivative contracts on 17 August 2018, when the current exemption from the clearing obligation under EMIR expires.
