Updates & insights

In these challenging times, European firms did receive a grain of good news. On 13th July, ESMA stated that it had received reports from trade repositories (TRs) indicating that the first day of reporting by financial and non-financial firms under the SFTR had gone smoothly. On Monday, the four SFTR-authorised

On July 8th, ESMA published three sets of revised Q&As covering specific aspects of EMIR, MiFID II, and MiFIR data reporting and transparency. The revisions take immediate effect. Regarding EMIR, ESMA’s updates focus on practical questions regarding Article 9 data reporting deadline issues involving the definition of ‘working day’ where

We are proud to announce that today the biggest Bank in Asia has signed up to our deltaconX regulatory platform to cover their EMIR & SFTR obligations. An extension to cover further Regulations in US and Asia are already in discussion.

On 5th June, ESMA published the final guidelines on the MiFID II compliance function. These guidelines replace the ESMA guidelines on the same topic issued in 2012, and include updates that enhance clarity and foster greater convergence in the implementation, and supervision, of the new MiFID II compliance function requirements.

On 28th May, ESMA published updates to some of its Q&As covering EMIR (Refit), MiFID II, and MiFIR. Of urgent interest was the update to the EMIR Q&A covering the imminent Refit changes around ‘compulsory delegation’. Specifically, ESMA has added a new Question 54 to the Trade Repository (TR) section,