Vistabrokers CIF Ltd, being EU regulated Investment – Brokerage Company, always and unswervingly follows EMIR and strictly fulfills all the requirements in this regard.
The Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties (CCPs) and trade repositories (TRs) (EMIR) entered into force on 16 August 2012.
The Commission Delegated Regulations (EU) No 148/2013 to 153/2013 of 19 December 2012 supplementing EMIR were published in the Official Journal on 23 February 2013 and entered into force on 15 March 2013. The implementing technical standards were published in the official journal dated 21 December 2012.
The main obligations under EMIR are:
•Central clearing for certain classes of OTC derivatives;
•Application of risk mitigation techniques for non-centrally cleared OTC derivatives;
•Reporting to trade repositories;
•Application of organisational, conduct of business and prudential requirements for CCPs;
•Application of requirements for Trade repositories, including the duty to make certain data available to the public and relevant authorities.
Read more about EMIR (www.esma.europa.eu)