The European Market Infrastructure Regulation (EMIR) Refit is to amend Article 9 of EMIR to remove the obligation of counterparties to report historical derivative transactions that were entered into before August 16, 2012 and remained outstanding on that date, or that were entered into on or after August 16, 2012 but were no longer outstanding when the reporting obligation under EMIR commenced. The current deadline for reporting historical derivative transactions is February 12, 2019.
A request has been made to ESMA to issue a statement to national competent authorities that, in the event that the EMIR Refit is not published in the Official Journal and in effect before February 12, 2019, supervisory action will not be taken against counterparties that have not reported all details of historical derivatives transactions by that date.
Click on the attached PDF to the read the letter in full.
Documents (1) for Forbearance Request to ESMA for Reporting Historical Transactions: EMIR Refit
Latest
Stress Scenarios for CCP IM Simulators
ISDA has published a paper that explains why stress scenarios that central counterparties (CCPs) use for default fund sizing cannot be used for forward-looking initial margin (IM) simulators. Typically, stress scenarios used by CCPs consist of a single step, transitioning...
Paper on EMIR 3 Active Account Representativeness
On September 4, ISDA, the European Fund and Asset Management Association (EFAMA) and FIA shared a paper with EU policymakers requesting clarification on the implementation of the active account requirement under the third European Market Infrastructure Regulation in relation to...
ISDA In Review – August 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in August 2025.
Episode 51: Trading Places
Markets have been volatile so far this year, but what has this meant for market liquidity? The Swap talks to Chris Edmonds from Intercontinental Exchange on trading activity and the market, economic and geopolitical outlook. Please view this page via...