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Emir Reporting Agreement

Posted by Josh On September - 18 - 2021

This means that from 18 June, if you are nfc-rated, Nordea will carry out emir reports on your behalf in accordance with the new mandatory reporting rules (mandatory delegation), although the processes of the existing notification agreement remain in force. EMIR does not specifically cover contracts concluded after 16 August 2012, but which have not yet been concluded by the reference date, and the market considered that such contracts should therefore be notified from the reference date. Unlike other requirements under EMIR and EMIR that require CFs and NSCs to require their counterparties (wherever established, i.e. including TCEs) to meet the applicable requirements, the reporting obligation does not have this extraterritorial scope. . . .

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