EMIR – Exemption for Danish Pension Schemes and Endorsement of Margin Requirements for Uncleared Derivatives
ESMA issued its opinion exempting certain Danish pension scheme from central clearing under EMIR on 3 August 2016.
Read the associated Press Release: 'ESMA Issues Opinion on Danish Pension Scheme to be Exempt From Central Clearing Under EMEA'
The European Commission issued an addendum to the margin requirements for uncleared derivatives, clarifying certain timing and valuation thresholds on 2 August 2016.
MiFID II – Endorsement of Regulatory Technical Standards for Transaction Reporting and Algorithmic Trading
The European Commission released an updated table on 2 August 2016, giving an overview of the implementation of the various regulatory technical standards (“RTS”) which underpin MIFID II and MIFIR.
The European Commission also published its endorsement of the proposed transaction reporting RTS on 17 August 2016. Annexes to the report are also available.
In addition, the European Commission published its endorsement of the proposed RTS specifying the organisational requirements applicable to investment firms engaged in algorithmic trading on 22 August. Annexes to the report are also available.
Other EU developments – RTS Status Chart
For those tasked with keeping track of EU regulatory developments, ESMA has helpfully released a chart showing the status of implementation of all the RTS associated with the various directives and regulations within its remit.
