Consultation · FCA · 30 Aug 2024
The document presents draft questions and answers for UK Trade Repositories registered under Article 55 of UK EMIR to support the implementation of updated reporting requirements applicable from 30 September 2024. These Q&As address specific operational issues and field validation matters based on feedback received from industry participants. The consultation for these draft Q&As closed on 25 September 2024, with final guidance to be published after incorporating the received feedback.
We sought feedback on our guidance for UK Trade Repositories registered under Article 55 of UK EMIR ahead of the implementation of the new requirements.
Why we consulted
On 24 February 2023, we published a joint Policy Statement ( PS23/2 ) with the Bank of England (the Bank) confirming changes to the derivative reporting framework under UK EMIR. The majority of the new requirements are applicable from 30 September 2024, with a transition period for some aspects. We received requests for guidance from UK Trade Repositories (TRs) that were specific to TR operations or how to validate certain fields in industry submitted reports. In response, we consulted on guidance to support TRs in the implementation of the updated UK EMIR reporting requirements that apply from 30 September 2024. This guidance is in the form of questions and answers (Q&As). Next steps The consultation for these Q&As closed on 25 September 2024. Feedback that we received will be incorporated into the final guidance, which will be made available via our Trade Repositories webpage. Draft Q&As The Q&As we consulted on were informed by discussions with Trade Repositories in the UK EMIR Reporting Industry Engagement Group. The group, co-chaired by us and the Bank, provides a forum for discussing derivatives reporting issues with industry to help ensure consistent reporting.
Field/schema specific questions
The following Q&As relate to feedback we received on specific field or schema issues.
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Information changed
Updates to close consultation.
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