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We sought feedback on our guidance for UK Trade Repositories registered under Article 55 of UK EMIR ahead of the implementation of the new requirements.
Why we consulted
On 24 February 2023, we published a joint Policy Statement (PS23/2) with the Bank of England (the Bank) confirming changes to the derivative reporting framework under UK EMIR. The majority of the new requirements are applicable from 30 September 2024, with a transition period for some aspects.
We received requests for guidance from UK Trade Repositories (TRs) that were specific to TR operations or how to validate certain fields in industry submitted reports. In response, we consulted on guidance to support TRs in the implementation of the updated UK EMIR reporting requirements that apply from 30 September 2024. This guidance is in the form of questions and answers (Q&As).
Next steps
The consultation for these Q&As closed on 25 September 2024
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