Reval Poll Indicates Half of Respondents Not Ready for EMIR Compliance

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Given the EU's recent extension of its SEPA compliance deadline, it appears that the February 12 EMIR compliance deadline is also at risk of sliding.

The European Market Infrastructure Regulation (EMIR) ─ in full, the EU number 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories ─ requires financial and non-financial counterparties to report all derivatives transactions, including intra-group transactions, to one of the currently six registered trade repositories: The DTCC's Derivatives Repository, Krajowy Depozyt Papierów Wartosciowych, Regis-TR, UnaVista Ltd

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