Obligations Under EMIR Imminent

Law360, New York (September 12, 2013, 5:31 PM EDT) -- On September 15, certain obligations under the European Market Infrastructure Regulation take effect.

EMIR entered into force in 2012 and introduced provisions to improve transparency, establish common rules for central counterparties (CCPs) and trade repositories (TRs), reduce the risks associated with the over-the-counter (OTC) derivatives market by providing for central clearing of OTC derivative contracts or, in lieu of clearing, the application of risk mitigation techniques, and require the reporting of all derivatives (whether OTC or exchange traded) to a TR. Notwithstanding that EMIR is an...
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