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Version date: 6 January 2020 - onwards

3.21 Procedure when a counterparty undergoes a corporate action

335. As part of the feedback received to the CP, ESMA was requested to clarify how instances where the counterparty undergoes a corporate action, such as merger, acquisition or spin- off should be reported and whether the procedure applicable under ESMA EMIR Q&A 40 should be applied.

336. ESMA has included in the Guidelines a section on the procedure to be applied to ensure a correct update of the SFTs.

Comparing proposed amendment...