The European Markets and Securities Authority has published today an update of its Questions & Answers (Q&A) document regarding the implementation of the European Markets Infrastructure Regulation (EMIR). The latest Q&As provide answers to frequently asked questions mostly in relation to the population of specific fields relating to reporting of data on exposures (i.e. collateral and valuations). The reporting start date for such data is 11 August 2014, which means that the first counterparties reports are due no later than the end of 12 August 2014.
The updated Q&As also cover how to report contracts with no maturity date, notional amount field, OTC derivatives novations and the issue of backloading.
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ESMA Publishes Updated EMIR Q&A
Date 23/06/2014