EMIR

Tue 01 Sep, 2020

Phase-in application of initial margin for OTC-derivatives not cleared by a CCP: EUR 8 billion

Sun 01 Sep, 2019

Phase-in application of initial margin for OTC-derivatives not cleared by a CCP:  EUR 0.75 trillion

Thu 09 May, 2019

Category 4 EMIR Index CDS Clearing obligation begins (5yr. iTraxx Europe Main and Crossover)

Fri 21 Dec, 2018

Category 4 EMIR IRS Clearing obligation begins (Basis, Fixed-to-float, FRA and IOS in EUR, GBP, JPY and USD)

Mon 01 Oct, 2018

Effective date for clearing by NFCs

Sat 01 Sep, 2018

Phase-in application of initial margin for OTC-derivatives not cleared by a CCP: EUR 1.5 trillion 

Thu 16 Aug, 2018

Exemption from clearing for pension funds expires.

Fri 09 Feb, 2018

Category 3 EMIR Index CDS Clearing obligation begins (5yr. iTraxx Europe Main and Crossover)

Wed 01 Nov, 2017

Under the revised EMIR technical standards, reporting of EMIR eligible trades becomes applicable.

Fri 01 Sep, 2017

Phase-in application of initial margin for OTC-derivatives not cleared by a CCP:  EUR 2.25 trillion 

Wed 16 Aug, 2017

Three Five year exemption for pension funds from clearing obligation ends (Delayed from 16 August 2015) (2015/1515)

Wed 09 Aug, 2017

Category 2 EMIR Index CDS Clearing obligation begins (5yr. iTraxx Europe Main and Crossover)

Sat 01 Jul, 2017

European Securities and Market Authority to publish standards relating to trading obligations under MiFIR.

Wed 21 Jun, 2017

Category 3 EMIR IRS Clearing obligation applies (Basis, Fixed-to-float, FRA and IOS in EUR, GBP, JPY and USD)

Fri 16 Jun, 2017

Scrutiny period on revised Clearing Obligation RTS by the European Parliament ends.  

Thu 15 Jun, 2017

Transitional arrangements under CRR – which permit firms to treat exposures to yet-to-be recognised CCPs as QCCP exposures – expire.

Wed 01 Mar, 2017

Phase-in application of variation margin (VM) for OTC-derivatives not cleared by a CCP (all other covered entities). (latest of 1 month after entry into force of regulation and 1 March 2017)

Thu 09 Feb, 2017

Category 1 EMIR Index CDS Clearing obligation begins (5yr. iTraxx Europe Main and Crossover)

Sat 04 Feb, 2017

Phase-in application of variation margin (VM) for OTC-derivatives not cleared by a CCP (covered entities belonging to a group whose aggregate month-end average notional amount of non-centrally cleared derivatives exceeds EUR 3.0 trillion). (1 month after entry into force of regulation)

Sat 04 Feb, 2017

EMIR |

Phase-in application of initial margin (IM) for OTC-derivatives not cleared by a CCP (covered entities belonging to a group whose aggregate month-end average notional amount of non-centrally cleared derivatives exceeds EUR 3.0 trillion). (1 month after entry into force of regulation)

Sat 04 Feb, 2017

Phase 1 – Category 1  application of WGMR non-cleared margin rules under EMIR

Thu 05 Jan, 2017

Entry into force of Commission Implementing Decisions on the equivalence of the regulatory framework of CCPs in New Zealand (2016/2274), India (2016/2269), Japan (2016/2275), Brazil (2016/2276),  United Arab Emirates (2016/2278) and Dubai International Financial Centre (2016/2277)

Thu 05 Jan, 2017

Entry into force of  Commission Implementing Decision (EU) 2016/2271 of 15 December 2016 on the equivalence of financial instrument exchanges and commodity exchanges in Japan in accordance with Regulation (EU) No 648/2012 of the European Parliament and of the Council (Text with EEA relevance ), Commission Implementing Decision (EU) 2016/2270 of 15 December 2016 on the equivalence of approved exchanges in Singapore in accordance with Regulation (EU) No 648/2012 of the European Parliament and of the Council (Text with EEA relevance ), Commission Implementing Decision (EU) 2016/2273 of 15 December 2016 on the equivalence of recognised exchanges in Canada in accordance with Regulation (EU) No 648/2012 of the European Parliament and of the Council (Text with EEA relevance ) and Commission Implementing Decision (EU) 2016/2272 of 15 December 2016 on the equivalence of financial markets in Australia in accordance with Regulation (EU) No 648/2012 of the European Parliament and of the Council (Text with EEA relevance )

Wed 04 Jan, 2017

EMIR |

Entry into force of Commission Delegated Regulation (EU) 2016/2251 of 4 October 2016 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty (Text with EEA relevance )

Sat 31 Dec, 2016

By end -2016, FSB Resolution Steering Group to report and to develop, as appropriate, develop proposals for further guidance to support CCP resolvability and resolution planning and to enhance prefunded financial resources and liquidity arrangements

Wed 21 Dec, 2016

Category 2 EMIR IRS clearing obligation applies (Basis, Fixed-to-float, FRA and IOS in EUR, GBP, JPY and USD)

Mon 19 Dec, 2016

ESMA publishes Consultation Paper ESMA’s technical advice to the Commission on fees for TRs under SFTR and on certain amendments to the fees under EMIR (ESMA/2016/1672)

Thu 15 Dec, 2016

ESMA publishes Consultation paper Draft technical standards on data to be made publicly available by TRs under Article 81 of EMIR, including partial overlap with benchmarks regulation (ESMA/2016/1661)

Tue 13 Dec, 2016

Entry into force of Commission Implementing Regulation (EU) 2016/2227 of 9 December 2016 on the extension of the transitional periods related to own funds requirements for exposures to central counterparties set out in Regulations (EU) No 575/2013 and (EU) No 648/2012 of the European Parliament and of the Council (Text with EEA relevance )

Fri 09 Dec, 2016

Entry into force of Commission Delegated Regulation (EU) 2016/2020 of 26 May 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on criteria for determining whether derivatives subject to the clearing obligation should be subject to the trading obligation (Text with EEA relevance )

Tue 15 Nov, 2016

EMIR |

ESMA publishes OPINION Common indicators for new products and services under Article 15 and for significant changes under Article 49 of EMIR (ESMA/2016/1574)

Mon 14 Nov, 2016

ESMA publishes Final Report On the clearing obligation for financial counterparties with a limited volume of activity, asking a delay of the clearing obligation for small financial counterparties (ESMA/2016/1565)

Sun 09 Oct, 2016

Category 1 and 2 EMIR Index CDS Frontloading obligation begins (5yr. iTraxx Europe Main and Crossover)

Sun 09 Oct, 2016

Category 1 and 2 EMIR IRS Frontloading obligation begins (Fixed-to-float / FRAs in NOK, SEK, PLN)

Sat 01 Oct, 2016

Joint BCBS, CPMI, FSB and IOSCO study group to finalise and publish report on analysis of interdependencies between CCPs and clearing members

Tue 09 Aug, 2016

Entry into force of Commission Delegated Regulation (EU) 2016/1178 of 10 June 2016 supplementing EMIR with regard to regulatory technical standards on the IRS clearing obligation (Fixed-to-float / FRAs in NOK, SEK, PLN) (subject to corrigendum)

Tue 21 Jun, 2016

Category 1 EMIR IRS Clearing obligation begins (Basis, Fixed-to-float, FRA and IOS in EUR, GBP, JPY and USD)

Wed 15 Jun, 2016

EMIR |

Entry into force of RTS 2016/822, amending RTS 153/2013 as regards the time horizons for the liquidation period to be considered for the different classes of financial instruments

Tue 14 Jun, 2016

End of transitional deadline, according to which a CCP who filed an application for authorisation under EMIR was considered a QCCP (originally 15 June 2014, delayed to 15 December 2014, then to 15 June 2015, 15 December 2015 and 14 June 2016)

Wed 01 Jun, 2016

Mid-2016: CPMI-IOSCO to publish a report for public consultation on CCP resilience and recovery issues and report of the Level 3 assessment of CCP risk management

Thu 26 May, 2016

ESMA publishes Final Report Draft regulatory technical standards on indirect clearing arrangements under EMIR and MiFIR (ESMA/2016/725)

Sat 21 May, 2016

Category 2 EMIR IRS Frontloading obligation begins (Basis, Fixed-to-float, FRA and IOS in EUR, GBP, JPY and USD)

Mon 09 May, 2016

CDS Clearing comes into force- Regulation (EU) 2016/592. 5yr. iTraxx Europe Main and Crossover

Tue 05 Apr, 2016

ESMA publishes Final report Draft technical standards on access to data and aggregation and comparison of data across TR under Article 81 of EMIR (ESMA/2016/422)

Tue 05 Apr, 2016

Entry into force of EC equivalence decision on the US regulatory framework (CFTC) for CCPs (2016/377)

Mon 04 Apr, 2016

ESMA publishes Final Report Review of Article 26 of RTS No 153/2013 with respect to MPOR for client accounts (ESMA/2016/429)

Tue 01 Mar, 2016

ESMA publishes Final report on Possible systemic risk and cost implications of interoperability arrangements (ESMA/2016/328)

Sun 21 Feb, 2016

Category 1 EMIR IRS Frontloading obligation begins (Basis, Fixed-to-float, FRA and IOS in EUR, GBP, JPY and USD)

Mon 18 Jan, 2016

ESRB publishes Report to the European Commission on the systemic risk implications of CCP interoperability arrangements under EMIR

Thu 31 Dec, 2015

By end 2015 FSB Resolution Steering Group to establish a working group (Cross-border Crisis Management Group for FMIs – fmiCBCM) as a forum for authorities to exchange views, share experiences and discuss orderly resolution of CCPs

Mon 14 Dec, 2015

ESMA publishes CP on Review of Article 26 of RTS No 153/2013 with respect to MPOR for client accounts under EMIR (ESMA/2015/1867)

Fri 11 Dec, 2015

ESMA publishes CP on Draft RTS on access to data and aggregation and comparison of data across TR under Article 81 of EMIR (ESMA/2015/1866)

Tue 01 Dec, 2015

Publication in the OJ of the RTS on central clearing of interest rate derivatives under Article 5(2) EMIR (Basis, Fixed-to-float, FRA and IOS in EUR, GBP, JPY and USD) (2015/2205)

Fri 13 Nov, 2015

European Commission adopts ‘equivalence’ decisions (implementing acts) for the regulatory regimes of CCPs in Canada (2015/2040), Mexico (2015/2041), South Africa (2015/2039), Switzerland (2015/2042) and Republic of Korea (2015/2038)

Fri 13 Nov, 2015

ESMA publishes Final Report Review of the RTS and ITS on reporting under Article 9 of EMIR (ESMA/2015/1645)

Tue 10 Nov, 2015

ESMA publishes Final Report Draft RTS on the Clearing Obligation – Interest rate OTC Derivatives in additional currencies (ESMA/2015/1629)

Thu 05 Nov, 2015

ESMA publishes CP on Indirect clearing arrangements under EMIR and MiFIR (ESMA/2015/1628)

Mon 05 Oct, 2015

ESMA publishes letter on the two RTS for indirect clearing under EMIR and MiFIR, to be subject of a joint consultation (ESMA/2015/1498)

Thu 01 Oct, 2015

ESMA releases technical advice to the Commission on the review of EMIR (Expected)

Tue 22 Sep, 2015

FSB, BCBS, CPMI and IOSCO publish 2015 CCP Workplan (dated 15 April 2015) and Progress Report on the CCP Workplan on the coordination of international policy work aimed at enhancing the resilience, recovery planning and resolvability of CCPs

Wed 16 Sep, 2015

EMIR |

Entry into force of COMMISSION DELEGATED REGULATION (EU) amending EMIR as regards the extension of the transitional periods related to pension scheme arrangements (2015/1515)

Tue 01 Sep, 2015

A joint BCBS, CPMI, FSB and IOSCO study group is established to identify, quantify and analyse interdependencies between CCPs and clearing members

Wed 26 Aug, 2015

ESMA publishes DP on Review of Article 26 of RTS No 153/2013 with respect to client accounts under EMIR (ESMA/2015/1295)

Tue 25 Aug, 2015

ESCB publishes report on the need for any measure to facilitate the access of CCPs to central bank liquidity facilities under Article 85 EMIR

Mon 17 Aug, 2015

EU Commission to assess importance of non-financial firms in OTC derivatives and effectiveness of EMIR to EP and EU Council

Thu 13 Aug, 2015

ESMA publishes EMIR Review Report no.1- Review on the use of OTC derivatives by non-financial counterparties (ESMA/2015/1251) , EMIR Review Report no.2- Review on the efficiency of margining requirements to limit procyclicality (ESMA/2015/1252), EMIR Review Report no.3- Review on the segregation and portability requirements (ESMA/2015/1253) and EMIR Review Report no.4- ESMA input as part of the Commission consultation on the EMIR Review ( ESMA/2015/1254)

Tue 28 Jul, 2015

ESRB publishes report on the efficiency of margining requirements to limit pro-cyclicality and the need to define additional intervention capacity in this area and report on  issues to be considered in the EMIR revision other than the efficiency of margining requirements

Wed 01 Jul, 2015

Reporting obligation to ESMA commences, if TR unavailable

Wed 10 Jun, 2015

EBA, EIOPA and ESMA publish a second CP on draft RTS on risk-mitigation techniques for OTC-derivative contracts not cleared by a CCP (Comments must be received by 10 July 2015) (JC/CP/2015/002)

Mon 11 May, 2015

ESMA publishes CP on Clearing Obligation under EMIR (no.4) (ESMA/2015/807)

Wed 06 May, 2015

ESMA publishes Guidelines on the application of the definitions in Sections C6 and C7 of Annex I of MiFID, as relevant under EMIR (ESMA/2015/675)

Wed 18 Mar, 2015

BCBS/IOSCO publish a revised final framework for margin requirements for non-centrally cleared derivatives, with an updated timeline

Mon 09 Mar, 2015

ESMA publishes updated opinion and updated draft RTS for clearing of IRS

Wed 04 Feb, 2015

ESMA releases Feedback Statement indicating it does not propose to impose clearing obligation on the NDF classes at this stage (2015/ESMA/234)

Tue 03 Feb, 2015

Commission publishes report under EMIR assessing the progress and effort made by CCPs in developing technical solutions for the transfer by pension scheme arrangements of non cash collateral as variation margins, as well as the need for any measures to facilitate such solution (Article 85(2)) (COM(2015) 39 final)

Thu 29 Jan, 2015

Deadline for ESMA to re-submit the final draft RTS on mandatory clearing of IRS,as the EC indicated on 18 December 2014 its intention to endorse with amendments the draft final RTS initially submitted

Thu 29 Jan, 2015

The Commission sends to ESMA a corrigendum to the letter dated 18 December 2014 together with the modified IRS RTS

Wed 28 Jan, 2015

IOSCO publishes Final Report Risk Mitigation Standards for Non-centrally Cleared OTC Derivatives (FR01/2015)

Thu 22 Jan, 2015

Athens Exchange Clearing House (AthexClear) authorised as CCP under EMIR

Fri 09 Jan, 2015

CME Clearing Europe Ltd is granted an extension of authorisation as CCP under EMIR

Thu 08 Jan, 2015

ESMA publishes a review of CCP colleges under EMIR (ESMA/2015/20)

Thu 01 Jan, 2015

Provisions on weekly or daily calculation of hypothetical capital start applying (ITS 484/2014)

Wed 31 Dec, 2014

ESMA reports to EU Commission on functioning of EMIR and extension of CCP interoperability arrangements beyond cash securities

Thu 18 Dec, 2014

Commission sent a letter informing ESMA of its intention to endorse with amendments the draft RTS on clearing of IRS

Fri 12 Dec, 2014

Holland Clearing House B.V. authorised as CCP under EMIR

Mon 24 Nov, 2014

ESMA publishes a letter stating that the second RTS on clearing obligations will be delayed until the assessment process of the first RTS is finalised by the Commission (ESMA/2014/1385)

Mon 10 Nov, 2014

EMIR |

ESMA publishes a CP on Review of the technical standards on reporting under Article 9 of EMIR. End of consultation on 13 February 2015. (ESMA/2014/1352)

Fri 31 Oct, 2014

OMIClear – C.C., S.A.authorised as CCP under EMIR

Thu 30 Oct, 2014

European Commission adopts ‘equivalence’ decisions (implementing acts) for the regulatory regimes of CCPs in Australia (2014/755), Hong Kong (2014/754), Japan (2014/752) and Singapore (2014/753).

Fri 10 Oct, 2014

Article 2 of RTS on extraterritorial jurisdiction of EMIR starts applying (concerning contracts with a “direct, substantial and foreseeable effect within the Union”) (285/2014)

Wed 01 Oct, 2014

ESMA publishes CP on Clearing Obligation under EMIR (no. 3) (ESMA/2014/1185)

Wed 01 Oct, 2014

ESMA submits the final draft RTS on mandatory clearing of IRS to the EC (edit: on 18 December 2014, EC  publicised its intention to adopt the RTS with amendments. ESMA has until 29 January 2015 to re-submit the final draft RTS)

Wed 01 Oct, 2014

ESMA publishes Final Report Draft RTS on the Clearing Obligation – Interest Rate OTC Derivatives (ESMA/2014/1184)

Mon 29 Sep, 2014

ESMA publishes CP on definition of “commodity derivatives”, Guidelines on the application of C6 and C7 of Annex I of MiFID (ESMA/2014/1189)

Thu 18 Sep, 2014

IOSCO publishes a consultation report on risk mitigation techniques for non-cleared derivatives (CR06/2014)

Tue 16 Sep, 2014

BME Clearing authorised as CCP under EMIR

Wed 03 Sep, 2014

LME Clear Ltd authorised as CCP under EMIR

Mon 01 Sep, 2014

EMIR |

Improved requirement from FCs and NFCs to ensure timely confirmation for non-centrally cleared OTC. OTC between FC and NFC+: IRS and CDS (T+1) Equity, FX, Commodity and Other (T+2 T+1). OTC with NFC-: IRS and CDS (T+3 T+2) Equity, FX, Commodity and Other (T+4 T+2)

Mon 18 Aug, 2014

EMIR |

ISDA seeks a two years delay in implementation of margining rules for uncleared swaps (December 2017 instead of December 2015) (Edit 28 January 2015: EU and US regulators hint that a delay may be possible)

Thu 14 Aug, 2014

CCP Austria (CCP.A) authorised as CCP under EMIR

Tue 12 Aug, 2014

Reporting start date for “exposures” (collateral and valuations)

Mon 04 Aug, 2014

CME Clearing Europe authorised as CCP under EMIR

Fri 11 Jul, 2014

ESMA publishes two Consultation Papers on draft RTS on the clearing obligation for IRS (ESMA/2014/799) and CDS (ESMA/2014/800)

Fri 04 Jul, 2014

Keler CCP  authorised as CCP under EMIR

Sun 22 Jun, 2014

Entry into force of Delegated Regulation (667/2014) on rules of procedure for penalties on TRs by ESMA

Thu 12 Jun, 2014

LCH.Clearnet Ltd authorised as CCP under EMIR

Wed 11 Jun, 2014

European Commodity Clearing authorised as CCP under EMIR

Mon 02 Jun, 2014

Entry into force of ITS on hypothetical capital of a CCP (484/2014) (Provisions on weekly or daily calculation start applying form 1 January 2015)

Mon 02 Jun, 2014

Entry into force of Commission Implementing Regulation (EU) No 484/2014 of 12 May 2014 laying down implementing technical standards with regard to the hypothetical capital of a central counterparty according to EMIR (application date different for certain articles)

Thu 22 May, 2014

LCH.Clearnet SA authorised as a CCP under EMIR

Tue 20 May, 2014

Cassa di Compensazione e Granzia S.p.A. (CC&G) authorised as CCP under EMIR

Wed 30 Apr, 2014

FCA deadline for compliance with EMIR risk mitigation techniques

Mon 14 Apr, 2014

EMIR |

The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) publish a CP on draft RTS on risk-mitigation techniques for OTC-derivative contracts not cleared by a CCP (Comments must be received by 14 July 2014) (JC/CP/2014/03)

Thu 10 Apr, 2014

Eurex Clearing authorised as a CCP under EMIR

Thu 10 Apr, 2014

Entry into force of RTS on extraterritorial jurisdiction of EMIR (285/2014) (Article 2 on contracts with a direct, substantial and foreseeable effect within the Union to apply from 10 October 2014) 

Tue 08 Apr, 2014

KDPW_CCP authorised as a CCP under EMIR

Tue 01 Apr, 2014

European Central Counterparty N.V. approved as a CCP under EMIR

Tue 18 Mar, 2014

Nasdaq OMX becomes first EU CCP authorised under EMIR

Wed 12 Feb, 2014

Start date for reporting of OTC derivatives

Tue 11 Feb, 2014

Deadline for counterparties to report their resulting net position at the CCP level as of end of 11 February 2014, for centrally cleared contracts concluded before 16 August 2012, or between 16 August 2012 and 11 February 2014.

Wed 01 Jan, 2014

Reporting obligation for derivatives other than CDS and IRS if a TR has been registered by 1 Oct 2013 (N.B. First TR registered on 14 November 2013, reporting obligation delayed to 12 February 2014)

Fri 08 Nov, 2013

Entry into force of Delegated Regulations (1002/2013) with regard to the list of exempted entities

Tue 22 Oct, 2013

Deadline for financial counterparties to report outstanding disputes concerning OTC derivative contracts on the FCA EMIR web portal

Tue 22 Oct, 2013

Entry into force of Delegated Regulations (1003/2013) with regard to fees charged by ESMA to TRs

Thu 03 Oct, 2013

Entry into force of RTS on college for CCPs (876/2013)

Wed 02 Oct, 2013

ESMA publishes technical advice on third country equivalence of certain jurisdictions, except US and Japan

Sun 15 Sep, 2013

Deadline for CCPs already authorised to provide clearing services in accordance with Member State national law to apply for authorisation under EMIR

Sun 15 Sep, 2013

Requirement for Portfolio Reconciliation, Portfolio Compression and Dispute Resolution (RTS 149/2013)

Tue 03 Sep, 2013

ESMA publishes technical advice on third country equivalence of US and Japan

Mon 02 Sep, 2013

BCBS/IOSCO publish the final framework for margin requirements for non-centrally cleared derivatives (a revised version was published on 18 March 2015, with an updated timeline)

Sun 01 Sep, 2013

EMIR |

Improved requirement from FCs and NFCs to ensure timely confirmation for non-centrally cleared OTC. OTC between FC and NFC+: IRS and CDS (T+2) Equity, FX, Commodity and Other (T+3 T+2). OTC with NFC-: IRS and CDS (T+5 T+3) Equity, FX, Commodity and Other (T+7 T+4)

Fri 12 Jul, 2013

FCA publishes CP13/5, further to Part 2 and 3 of CP12/22 on CASS and EMIR

Thu 11 Jul, 2013

CFTC and European Commission issue a joint statement “A Path Forward” on cross-border regulation of swaps/derivatives

Mon 01 Jul, 2013

Reporting obligation commences for CDS and IRS if a TR has been registered by 1 April 2013 (N.B. First TRs registered on 14 November 2013, reporting obligation for CDS and IRS delayed to 12 February 2014)

Sun 30 Jun, 2013

EBA, EIOPA and ESMA guidance on exchange of collateral for non-cleared trades

Mon 10 Jun, 2013

ESMA publishes the Guidelines and Recommendations for establishing consistent, efficient and effective assessments of interoperability arrangements (ESMA/2013/322)

Fri 22 Mar, 2013

EMIR |

Report from the Commission to the European Parliament and the Council:  The International Treatment of Central Banks and Public Entities Managing Public Debt with regard to OTC Derivatives Transactions (COM/2013/0158 final)

Fri 15 Mar, 2013

Entry into force of six RTS, after publication in the OJ on 23 February 2013: RTS on capital requirements for CCPs (152/2013), RTS on requirements for CCPs (153/2013), RTS on indirect clearing arrangements, the clearing obligation, the public register, access to a trading venue, non-financial CP, risk mitigation techniques for OTC not cleared by a CCP (149/2013), RTS on the minimum details of the data to be reported to TRs (148/2013), RTS specifying the details of the application for registration as a TR (150/2013), RTS specifying the data to be published an made available by TRs and operation standards for aggregation, comparing and accessing the data (151/2013). (Certain provisions on portfolio reconciliation, compressions and dispute resolution to apply from 15 September 2013. Certain provisions on bank guarantees backed by collateral to apply from 15 March 2016.) (update: RTS 153/2013 was amended on 15 June 2016 by RTS 2016/822)

Fri 15 Mar, 2013

EMIR |

Requirement from FCs and NFCs to ensure timely confirmation for non-centrally cleared OTC. OTC between FC and NFC+: IRS and CDS (T+2) Equity, FX, Commodity and Other (T+3). OTC with NFC-: IRS and CDS (T+5) Equity, FX, Commodity and Other (T+7)

Fri 15 Mar, 2013

Requirement to notify regulators of NFC+ status

Fri 15 Mar, 2013

Requirement for FCs and NFC+s to carry out daily MTM (or mark to model) valuations

Fri 15 Mar, 2013

TRs can apply for authorisation

Tue 12 Mar, 2013

ESMA publishes practical guidance for the recognition of Third Country CCPs

Fri 01 Mar, 2013

EMIR |

Improved requirement from FCs and NFCs to ensure timely confirmation for non-centrally cleared OTC. OTC between FC and NFC+: IRS and CDS (T+2 T+1) Equity, FX, Commodity and Other (T+2). OTC with NFC-: IRS and CDS (T+3) Equity, FX, Commodity and Other (T+4)

Thu 10 Jan, 2013

Entry into force of three ITS, further to publication in the OJ on 21 December 2012: ITS on requirements for CCPs (1249/2012), ITS on the minimum details of the data to be reported to TSs (1247/2012), ITS specifying the format of applications  for registration of TSs (1248/2012) (N.B. Apply from 15 March 2013)

Tue 01 Jan, 2013

Client Assets Sourcebook Instrument 2012 (FSA 2012/76) comes into force, further to PS12/23 and Part 1 of CP12/22 on CASS and EMIR

Sat 22 Sep, 2012

EMIR |

Publication in the Official Journal of the Advice of the European Systemic Risk Board of 31 July 2012 submitted to the European Securities and Markets Authority in accordance with Article 10(4) of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories concerning the use of OTC derivatives by non-financial corporations (ESRB/2012/2)

Sat 22 Sep, 2012

EMIR |

Publication in the Official Journal of the Advice of the European Systemic Risk Board of 31 July 2012 submitted to the European Securities and Markets Authority in accordance with Article 46(3) of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories concerning the eligibility of collateral for CCPs (ESRB/2012/3)

Thu 16 Aug, 2012

EMIR comes into force

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