FCA Factsheets on EMIR

Orrick - Finance 20/20
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On October 28, the FCA published the following factsheets relating to EMIR (the Regulation on OTC derivatives, central counterparties and trade repositories) (Regulation 648/2012):

  • A factsheet for financial counterparties (FCs) subject to the EMIR requirements for timely confirmation and bilateral risk mitigation; and
  • A factsheet for non-financial counterparties (NFCs) subject to EMIR to understand how NFCs are defining their hedging activity and monitoring their status against the clearing threshold between June and September 2013.

 

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. Attorney Advertising.

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