ACT webinar: Reporting of derivative trades - are you up to speed?

Under the European Markets Infrastructure Regulation (EMIR), all European companies will be required by law to report derivatives contracts to a recognised trade repository.

This ACT webinar provides more information about the reporting process and trade repositories.

Topics include:

• The new reporting rules – what trades are covered, what is the timescale for implementation and what data will need to be reported?
• What is a trade repository and when will new trade repositories be approved by ESMA?
• How does a company obtain its LEI (legal entity identifier) and what is the role of an IEI (interim entity identifier)?
• What technology is needed to collect data for reporting and what format is required?
• How will data held in trade repositories be used by the regulators?

Further resources

On September 13 ESMA announced that the reporting start date will now be no earlier than 12 February 2014. Further information is available on the ESMA website.

For a general explanation of EMIR see the ACT briefing note: regulation of OTC derivatives – implications for non-financial companies

The ACT Policy & Technical team have prepared a Frequently Asked Questions document based on questions submitted during this webinar.

If questions arise on EMIR in the months ahead you are welcome to raise these through the ACT LinkedIn group which is a useful forum to share questions, experiences and information.