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ESMA Updates EMIR Validation Rules

Date 29/03/2021

The European Securities and Markets Authority (ESMA) has updated today the European Markets Infrastructure Regulation (EMIR) validation rules relating to the reporting of Variation margin received. 


From 30 April onwards trade repositories (TRs) should not reject derivatives reports where field “Variation margin received” (1.30) is left blank for derivatives that are reported by the reporting counterparty as “Uncollateralised”.