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04

Mar 2025

EMIR 3 – Initial Margin requirements

EMIR as a set of rules contains many provisions, including but not limited to conduct rules for Central Clearing Counterparties, provisions mandating the clearing of certain OTC derivatives, treatment of derivatives traded on EEA and third country venues, risk mitigation techniques for OTC

05

Feb 2025

Virtual Power Purchase Agreements – EMIR (EU/UK)

As the global focus on reducing carbon emissions and the transition towards renewable energy sources, Virtual Power Purchase Agreements (VPPAs) or Financial Power Purchase Agreements (FPPAs) have emerged as a mechanism for companies aiming to meet sustainability targets and mitigate

13

Dec 2024

FCA Discussion Paper – Improving the UK transaction reporting regime

As we have already noted in a previous blog post, with the departure of the UK from the EU, it was expected that at some point the transaction reporting regimes of both jurisdictions would begin to diverge. Now it appears that this process is picking up steam, as the FCA and ESMA are

13

Dec 2024

ESMA Consultation Paper – Review of RTS 22 on transaction data reporting under Art. 26 and RTS 24 on order book data to be maintained under Art. 25 of MiFIR

As we have already noted in a previous blog post, with the departure of the UK from the EU, it was expected that at some point the transaction reporting regimes of both jurisdictions would begin to diverge. Now it appears that this process is picking up steam, as the FCA and ESMA are

20

Sep 2024

Insights from the MAP FinTech Webinar: Preparing for the UK EMIR REFIT Launch

As the UK prepares for the launch of the EMIR REFIT on September 30th, MAP FinTech hosted an informative webinar featuring key industry experts. The focus was on lessons learned from the EU EMIR REFIT rollout earlier this year and how these can be applied to ensure a smooth transition in the

06

Jun 2024

Additional Instruments Captured by updated EU MiFIR – an overview

Instruments captured by EU MiFIR reporting, divergence from UK MiFIR requirements With the departure of the UK from the EU it was expected that at some point, the EU and the UK regulatory regimes will start diverging. With Regulation 2024/791 amending MiFIR, the EU has introduced new

22

May 2024

Unique Product Identifier: Crypto-asset identifiers

Unique Product Identifier: Crypto-asset identifiers As we had discussed in previous blog entries regarding the UPI and the technical data on how to generate the UPI, we now turn our focus on a specific aspect of the UPI. UPI for derivatives on crypto-assets. As mentioned in our

22

Apr 2024

MAP FinTech Webinar – In anticipation of the EU EMIR REFIT launch

MAP FinTech hosted a webinar with its EMIR-obliged clientele a few days before the REFIT go-live date to better prepare reporting entities. MAP FinTech staff reiterated to reporting entities that, when reporting on a delegation basis on behalf of other financial institutions (such as investment

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