News & Analysis as of September 19, 2024

Over The Counter Derivatives (OTC)

+ Follow

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

European Commission Consults on Draft Delegated Regulation for OTC Derivatives Identifying Reference Data

A&O Shearman on 6/19/2024

The European Commission has published consultation for a draft Delegated Regulation supplementing the Markets in Financial Instruments Regulation as regards OTC derivatives identifying reference data to be used for the...more

Taking Stock of Commodity Derivatives Regulation in the UK and EU

Skadden, Arps, Slate, Meagher & Flom LLP on 3/25/2024

In July 2021, HM Treasury published the Wholesale Markets Review consultation (WMR), which included proposals to reform the U.K.’s secondary markets framework. There was broad support for reforms to (a) modify the ancillary...more

EMIR 3 and Clearing in the EU

A&O Shearman on 2/29/2024

Of the many aims of the EU’s latest revisions to the European Market Infrastructure Regulation (EMIR), the most controversial and intensely debated is mandating clearing at EU CCPs. Since Brexit, the EU has been concerned...more

Clearing in the EU after EU EMIR 3

A&O Shearman on 1/20/2023

The European Commission published proposals to amend the EU’s European Market Infrastructure Regulation (EMIR) in December 2022 (EMIR 3). According to the Commission, some of these measures are aimed at improving the...more

HMT confirms no more open access for exchange-traded derivatives

Hogan Lovells on 5/25/2021

On 5 May 2020, the HM Treasury confirmed that it plans to remove the open access regime for exchange-traded derivatives (ETDs), which is currently within the UK version of the Markets in Financial Instruments Regulation (UK...more

European Commission Decision Temporarily Establishes UK CCP Equivalence

A&O Shearman on 10/9/2020

The European Commission has published a Decision temporarily determining that U.K. central counterparties will be deemed equivalent to EU standards under the European Market Infrastructure Regulation. The Decision will apply...more

Changes to EMIR Reporting Responsibilities from 18 June 2020 – Key Considerations

Akin Gump Strauss Hauer & Feld LLP on 6/16/2020

Derivatives reporting responsibilities under the European Market Infrastructure Regulation (EMIR) will change from 18 June 20201, as (i) alternative investment fund managers (AIFMs) will become responsible for reporting for...more

Reporting of OTC Derivatives Between FC and NFC- Entities After 18 June 2020

Latham & Watkins LLP on 5/18/2020

EMIR REFIT Mandatory Reporting provisions require market participants to consider their existing Delegated Reporting arrangements. Key Points: ..From 18 June 2020, financial counterparties (FCs) will be liable for the...more

Collateral issues for derivatives counterparties amid the COVID-19 pandemic

Hogan Lovells on 5/4/2020

The current COVID-19 pandemic has led to huge disruption in financial markets and larger collateral swings. This note sets out some issues market participants may need to consider in relation to collateral under OTC...more

EU Consultation on Changes to Position Limits for Commodity Derivatives

A&O Shearman on 11/15/2019

Following its Call for Evidence issued in May this year, the European Securities and Markets Authority has launched a consultation on proposed revisions to the legal framework for position limits and position management in...more

Derivatives Alert - 10 points à retenir sur EMIR Refit

Kramer Levin Naftalis & Frankel LLP on 7/29/2019

Le règlement (UE) n°2019/834 (EMIR Refit ou EMIR 2.1) publié au JOUE le 28 mai 2019 est entré en vigueur le 17 juin 2019. L'objectif majeur d’EMIR Refit est de limiter l'application du règlement (UE) n°648/2012 (EMIR) aux...more

EMIR 2.1 Takes Effect Imminently: Implications for EU and Non-EU Asset Managers and Funds

Morgan Lewis on 6/12/2019

Following an assessment by the European Commission (the Commission) of how the European Market Infrastructure Regulation (EMIR) has been working since it entered into force on 16 August 2012 and the phasing in of its various...more

EMIR ALERT: EMIR REFIT – 19 days to go…

Dechert LLP on 5/30/2019

On Tuesday 28 May 2019, the EMIR Refit Regulation (the "EMIR Refit") was published in the Official Journal. Relevant entities now have only 19 days to prepare for some of the key changes, ahead of the go live date of Monday...more

EU Equivalence Decision for Japan for Uncleared Derivatives

A&O Shearman on 5/15/2019

A Commission Implementing Decision declaring equivalence of the Japanese legal, supervisory and enforcement arrangements for risk mitigation techniques and exchange of collateral has been published in the Official Journal of...more

EMIR Refit – Redefining a “Financial Counterparty” and why this Matters to Fund Managers

Akin Gump Strauss Hauer & Feld LLP on 5/10/2019

Legislative reform to the European Market Infrastructure Regulation (EMIR) has now been finalised and the changes are expected to take effect in or around June 2019. The EMIR Refit, as the reform is known, amends the scope of...more

Brexit: Recognition of UK Derivatives Regulation

Akin Gump Strauss Hauer & Feld LLP on 4/18/2019

• Under Swiss law, to fulfil the clearing, reporting and risk mitigation obligations applying to derivatives trading under foreign law, the Swiss Financial Market Supervisory Authority (FINMA) must recognize the foreign law...more

Cooperation in Derivatives in a No-Deal Brexit Environment

Kramer Levin Naftalis & Frankel LLP on 2/13/2019

With the date for the United Kingdom to leave the European Union rapidly approaching, several recent developments concerning derivatives (both legal and political) are likely to be of interest to UK and EU27 counterparties....more

Financial Services Quarterly Report - Fourth Quarter 2018: Thinking of a UCITS? – Points to Consider

Dechert LLP on 1/18/2019

With close to EUR 10 trillion in net assets,1 UCITS are an attractive proposition for managers. The UCITS brand is globally recognised and is firmly established as a product of choice for retail investors and institutions...more

Proposed Exemption From the EU Clearing Obligation for OTC Derivatives Novated to EU Counterparties in Preparation For a "No Deal"...

A&O Shearman on 11/19/2018

The European Securities and Markets Authority has proposed the introduction of a 12-month exemption from the clearing obligation to facilitate the novation of uncleared OTC derivative contracts to EU counterparties in the...more

67 Results

View per page

Page: of 3

European Union › Derivatives › Over The Counter Derivatives (OTC)

European Commission Consults on Draft Delegated Regulation for OTC Derivatives Identifying Reference Data

Taking Stock of Commodity Derivatives Regulation in the UK and EU

EMIR 3 and Clearing in the EU

Clearing in the EU after EU EMIR 3

HMT confirms no more open access for exchange-traded derivatives

European Commission Decision Temporarily Establishes UK CCP Equivalence

Changes to EMIR Reporting Responsibilities from 18 June 2020 – Key Considerations

Reporting of OTC Derivatives Between FC and NFC- Entities After 18 June 2020

Collateral issues for derivatives counterparties amid the COVID-19 pandemic

EU Consultation on Changes to Position Limits for Commodity Derivatives

Derivatives Alert - 10 points à retenir sur EMIR Refit

EMIR 2.1 Takes Effect Imminently: Implications for EU and Non-EU Asset Managers and Funds

EMIR ALERT: EMIR REFIT – 19 days to go…

EU Equivalence Decision for Japan for Uncleared Derivatives

EMIR Refit – Redefining a “Financial Counterparty” and why this Matters to Fund Managers

Brexit: Recognition of UK Derivatives Regulation

Cooperation in Derivatives in a No-Deal Brexit Environment

Financial Services Quarterly Report - Fourth Quarter 2018: Thinking of a UCITS? – Points to Consider

Proposed Exemption From the EU Clearing Obligation for OTC Derivatives Novated to EU Counterparties in Preparation For a "No Deal"...

Brexit for Derivatives? New Irish and French Law ISDA Master Agreements for the Derivatives Market

Orrick's Financial Industry Week In Review

OTC Derivative Brexit Issues Considered by AFME and ISDA

New ISDA Master Agreement (French Law) Brings Changes for EU OTC Derivatives Market

Corporate & Financial Weekly Digest, Featuring Topics on Broker/Dealer and UK/EU Developments

Asset Management Regulatory Roundup - November 2017 - Issue 11

European Union › Derivatives › Over The Counter Derivatives (OTC)

"My best business intelligence, in one easy email…"