FCA Publishes EMIR Reporting and Non-Financial Counterparties Factsheets

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On February 10, the FCA published two factsheets, both dated February 7, 2014, concerning EMIR.

  • A factsheet for EMIR compliant counterparties. Reporting started for such entities on February 12, 2014, following an FCA review on reporting obligations and subsequent discussions with counterparties.  Reporting Factsheet.
  • A factsheet for EMIR compliant non-financial counterparties calculating the clearing threshold and which are part of a group containing entities that are financial counterparties. The factsheet details the results of an additional FCA review on how such entities define their hedging activities and monitor their statuses in relation to the clearing threshold.  Non-financial Counterparties Factsheet.

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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