Emir reporting relief for ETDs causes confusion
Market participants unsure who will report client-side leg of exchange-traded derivatives trades to CCPs
The European Commission’s (EC) proposed relief from reporting requirements for exchange-traded derivatives (ETDs) is prompting confusion, casting doubt over how far market participants will benefit.
On May 4, the EC published its review of the European Markets Infrastructure Regulation (Emir). Under the existing rule, both counterparties to a derivatives trade have to report the transaction to a trade repository, known as dual-sided reporting. The EC is now proposing that only central clearing
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