On the 28th of May ‘EMIR 2.1’, the update of the EMIR Regulation, has finally been published, the updated requirements are approaching quickly and will be applicable as of June 17th.
This update is relevant for corporate treasury as well, especially in EMIR reporting processes:
- backloading of historic (pre 2014) contracts no longer required
- for the NFC-, intercompany trades will no longer have to be reported
- for the NFC-, reporting responsibility shifts to the financial counterparty
Risk mitigating measures will remain as well as the importance to confirm that your derivative trading activity is below the clearing threshold(s). Should you have any questions on your EMIR compliance please contact Mark Roelands at firstname.lastname@example.org.