Background
On 24th February, 2023, the FCA published the joint Policy Statement PS23/2 with the Bank to confirm changes to the new reporting framework under UK EMIR.
Due to the majority of the new requirements becoming applicable from 30th September, 2024, the FCA decided to provide guidance to support the implementation.
Summary
This consultation was created to provide guidance to Trade Repositories (TRs) registered under UK EMIR Article 55.
The FCA is accepting feedback on the draft questions and answers (Q&As) up until 25th September, 2024.
Feedback is welcomed from TRs, counterparties in scope of the reporting requirements and legal entities who work with TRs.
The FCA has separated the draft Q&As into a miscellaneous section and a field/schema specific section.
Next Steps
After review, the feedback will be incorporated into the final guidance, made available on the FCA TR webpage.