Tag: EMIR FAQ
EU Commission updates EMIR FAQ
On 18 December 2013, the EU Commission published an updated FAQ document on EMIR (last updated on 8 February 2013). Two new questions have been included in Part II of the FAQs:
EU Commission Updates FAQs regarding EMIR Timely Confirmations
On 13 February 2013, the European Commission published an update to its FAQ document on EMIR, including a new question (number 13) and answer relating to timely confirmations. Article 11(1) of EMIR requires financial counterparties and non-financial counterparties that enter into OTC derivative contracts not cleared by a CCP to have in place “appropriate procedures […]