Who?

1. These Guidelines will apply to financial and non-financial counterparties to derivatives as defined in Articles 2(8) and 2(9) of EMIR, to trade repositories as defined in Article 2(2) of EMIR and to competent authorities.

What?

2. These Guidelines will apply in relation to the derivatives reporting obligation as stated in Article 9 of EMIR and the TR obligations under Articles 78 and 81 of EMIR.

When?

3. The proposed Guidelines included in this CP clarify provisions of the draft ITS and RTS on reporting that were submitted to the European Commission on 16 December 2020. Any potential changes to the draft ITS and RTS on reporting will need to be reflected in the Guidelines. Therefore the Final Report on Guidelines will only be published after the adoption of the delegated acts incorporating the technical standards by the European Commission.

4. These Guidelines will apply from the [insert date of application of the technical standards referred to in Article 9 of the draft RTS on reporting].