The FCA has published a statement explaining EMIR reporting obligations of UK Counterparties and UK Trade Repositories coming into life after end of transition period (31/12/2020).
The document contains clarification regarding:
Counterparties under UK EMIR obligation,
Timeline of changes
Scope of UK EMIR reporting for new and outstanding trades
UK EMIR validation rules
Applicability of non-legislative materials published by ESMA
Intragroup exemptions
Mandatory delegated reporting (REFIT) by UK FCs for UK NFC-s
Equivalence of EU Regulated Markets under UK EMIR
Transaction Repository (TR) requirements:
registration
handling historic data by TRs
Inter-TR reconciliation
publication of data
Authorities access to data
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