On 22 September 2021, European Commission published the Proposal for a Directive of the European Parliament and of the Council establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2009/138/EC, (EU) 2017/1132 and Regulations (EU) No 1094/2010 and (EU) No 648/2012 (COM(2021) 582 final / 2021/0296 (COD)) (Insurance Recovery and Resolution Directive) to amend the EMIR Regulation (648/2012/EU).
The condensed text below shows the proposed amendments from the COM(2021) 582 final / 2021/0296 (COD) for affected provisions only.
- Article 81 Transparency and data availability
Article 81 Transparency and data availability
1. A trade repository shall regularly, and in an easily accessible way, publish aggregate positions by class of derivatives on the contracts reported to it.
2. A trade repository shall collect and maintain data and shall ensure that the entities referred to in para
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