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Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“EMIR”) entered into force on 16 August 2012. Most of the obligations under EMIR needed to be specified further via regulatory technical standards and they will take effect following the entry into force of the technical standards. On 19 De-cember 2012 the European Commission adopted without modifications the regulatory technical stand-ards developed by ESMA. These technical standards were published in the Official Journal on 23 Feb-ruary 2013 and enter into force on 15 March 2013.
Updated Questions and Answers Implementation of the Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR) 2013/685.
