EMIR Refit reporting starts in April and September 2024 – what it means for companies
The European Market Infrastructure Regulation (EMIR) Refit go-live dates have been annou nced for the EU and the UK. EMIR trade reporting obliges all companies engaged in over-the-counter (OTC) and exchange-traded (ETD) derivatives trading to report the trades and valuations to a repository. The regulation applies in the European Union (EU-EMIR) and the United Kingdom …
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MiFID II penalties quadrupled to €8.4 million in 2020
ESMA’s latest report reveals a substantial surge in penalties and corrective actions linked to MiFID II non-compliance across Europe in 2020 when compared to the previous year. Here are some key findings from the report: Quadrupled Sanctions: The number of sanctions and remedial actions, as imposed by national competent authorities (NCAs) across Europe, experienced a …
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