The Cyprus Securities and Exchange Commission (CySEC) has flagged several incorrect reporting practices of Regulated Entities under EMIR in respect of zero net positions.
The increasing globalisation of financial markets has given rise to new trading platforms, market behaviours and financial technology.
Navigating your European reporting obligations can be tricky.
We’ve answered some of our most frequently asked questions below to help you understand your transaction reporting obligations a little better.
Under EMIR, the information stemming from the dual-sided reporting obligation must be reconciled via the pairing and matching of both legs of the derivative trade by trade repositories.
Are you unsure if you have EMIR and/or MiFIR reporting obligations or whether you are reporting completely and correctly?
There remains a lack of clarity as to whether cryptocurrency derivatives (‘cryptos’) should be treated as financial instruments and therefore subject to ESMA’s derivative reporting rules and reported to a TR/ARM.
The date for financial counterparties (FC) to conduct the ‘clearing obligation assessment’ is required every 12 months.