On October 28, the FCA published the following factsheets relating to EMIR (the Regulation on OTC derivatives, central counterparties and trade repositories) (Regulation 648/2012):
- A factsheet for financial counterparties (FCs) subject to the EMIR requirements for timely confirmation and bilateral risk mitigation; and
- A factsheet for non-financial counterparties (NFCs) subject to EMIR to understand how NFCs are defining their hedging activity and monitoring their status against the clearing threshold between June and September 2013.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
