ESMA posts updated Q&A on EMIR Implementation

On February 12, 2014, new EMIR trade reporting rules came into effect for European Forex, Binary and CFD brokers as mandated by ESMA.

Well, it has been more than three months since then, and there remains some confusion as to what a broker’s obligations really are, and what does and does not need to be reported to recognized and registered Trade Repositories. 

ESMA has now issued its latest Q&A on EMIR reporting, which can be downloaded here (pdf).

LeapRate is pleased to be working with leading regulatory advisory consultancy MAP S.Platis to provide our readers with the information they might need to make an informed decision on EMIR. We would encourage all EU brokers which do not yet have an EMIR reporting solution in place to download this brochure on EMIR, including details of MAP S.Platis’ MAP-ERS solution.

If you would like more information, or to be contacted by a member of MAP S.Platis about EMIR and their MAP-ERS solution and what you need to do to prepare for EMIR, please email us.

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