Adhering to EMIR reporting for derivatives markets
In 2012, the European Market Infrastructure Regulation (EMIR) fundamentally changed derivatives reporting for financial and non-financial counterparties. EMIR regulation shifted again in 2024 with EMIR Refit updates introducing new mandatory requirements. So how can derivatives market participants navigate EMIR reporting and build the correct EU market infrastructure to ensure ongoing compliance?
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Recordkeeping requirements for sanctions to extend from five to 10 years under OFAC rules
The Office of Foreign Assets Control (OFAC) has published an Interim Final Rule (IFR) that would extend existing recordkeeping requirements for certain transactions from five to 10 years.