This joint FCA/Bank of England Policy Statement (PS) sets out our final amendments to Technical Standards and new rules for Trade Repositories in relation to the derivatives reporting framework under UK EMIR. We also respond to feedback in CP21/31.
Why we are doing this
Our proposals aim to ensure a more globally consistent dataset, where appropriate, to enable authorities to better monitor for systemic and financial stability risk. They also aim to improve data quality, provide clarity to firms where required and streamline the registration process for Trade Repositories (TRs).
Who this affects
This PS will primarily affect:
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counterparties in scope of the reporting requirements under UK EMIR
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TRs registered, or recognised, under UK EMIR
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third party service providers who offer reporting services to counterparties subject to UK reporting under EMIR
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It may also be of interest to trade associations, law firms and consultancy firms and be relevant to au