EC Technical Standards for European Markets Infrastructure Regulation

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On December 19, 2012, the European Commission adopted nine regulatory and implementing technical standards to complement obligations defined under the European Markets Infrastructure Regulation on OTC derivatives, central counterparties and trade repositories. The adoption of the technical standards finalizes requirements for the mandatory clearing and reporting of OTC derivatives transactions. The technical standards will be effective 20 days after publication in the EU Official Journal. EC Release.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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