Regulatory Alerts2020-12-04
Added · Updated
Derivatives Reporting following the end of UK Transition Period on 31 December 2020
Counterparties currently using a UK Trade Repository for EMIR reporting must finalize onboarding with an ESMA-Registered Trade Repository by 31 December 2020. From 1 January 2021, EU counterparties assume responsibility for reporting OTC derivatives previously handled by UK financial counterparties, unless specific equivalence conditions apply. The document also references an updated ESMA public statement clarifying derivatives reporting obligations after the transition period.
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