Friday November 29 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: European Union
Link: http://www.esma.europa.eu/page/Registered-Trade-Repositories
The European Securities and Markets Authority (ESMA) has approved the registrations of two trade repositories (TRs) under the European Market Infrastructure Regulation (EMIR). The following entities have been registered as TRs for the European Union (EU):
ICE Trade Vault Europe Ltd. (ICE TVEL), based in the United Kingdom; andCME Trade Repository Ltd. (CME TR), based in the United Kingdom.
TRs are commercial firms that centrally collect and maintain the records of derivatives contracts reported to them. The registration of these two TRs means that they can be used by the counterparties to a derivative transaction to fulfil their trade reporting obligations under EMIR. The registrations will take effect on 5 December 2013.
Following the registration of a first group of TRs on 7 November 2013, which became effective on 14 November 2013, the reporting obligation start date for all asset classes will begin on 12 February 2014.
There are now six TRs registered in the EU, which can be used for trade reporting. ESMA registered DDRL, Regis-TR, UnaVista and KDPW on 7 November and it has not received any further application for registration.
Click on the above link for more details.