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White Paper

EMIR nears the finish line

Company: Herbert Smith Freehills LLP

Herbert Smith Freehills LLP case study

Category: EMIR

Published: 01 August 2012

Format:

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Overview

This white paper discusses the implications for financial markets of the proposed technical standards for implementing EMIR, which include:

  • Defining the framework for the application of the clearing obligation 
  • Specifying the risk mitigation techniques for over-the-counter (OTC) derivatives that are not centrally cleared 
  • Laying down the requirements for the application of exemptions to non-financial counterparties and intragroup transactions 
  • Establishing a comprehensive set of organisational, conduct of business and prudential requirements for central counterparties 
  • Specifying the details of derivatives transactions that need to be reported to trade repositories 
  • Defining the data that must be made available to relevant authorities by trade repositories. 

 

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Categories related to EMIR