Examples of EMIR Regulation in a sentence
As required by the EMIR (Regulation [EU] No. 648/2012), the clearing of interest rate swaps has been shifted to a central counterparty (LCH – London Clearing House) since the fourth quarter of 2016.
Credit default swap contracts must be entered into with first class financial institutions specialising in this type of transaction.In the event of use of derivatives, the Regulation (EU)No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (the “EMIR Regulation”) and the procedures set-up by the Management Company within the framework of the EMIR Regulation will be respected.
In accordance with the requirements of the EMIR Regulation, Patria also performs portfolio reconciliation at least once a quarter.
By placing its cash in short term interest bearing investments, the Group had income of €156 thousand in H1 2017 (2016: €375 thousand); for the Company, the corresponding income was €90 thousand (2016: €280 thousand).A significant portion (30.8%) of the cash of the Group is, due to compliance of ATHEXClear with the EMIR Regulation, kept at the Bank of Greece (BoG).Deposits of the Group at the BoG carry a negative interest rate 0.3% from 9.12.2015 and negative 0.4% from 16.3.2016 onwards.
In the event of use of derivatives, the Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties andtrade repositories (the “EMIR Regulation”) and the procedures set-up by the Management Company within the framework of the EMIR Regulation will be respected.
The entry into force of the technical standards triggers the obligation of re- authorization of the existing central counterparties, within six months, in accordance with the requirements of EMIR Regulation.
The European Commission has developed and adopted, after going through all the stages and deadlines stipulated by the applicable regulations, the Regulation on OTC derivatives, central counterparties ("CCP") and trade repositories (EMIR Regulation).
EMIR Regulation stipulates that until a decision is made on the re-authorization of an applicant central counterparty (regulations stipulate a period of six months for issuing the authorization, under EMIR), the national rules on operation and supervision issued by the competent authority of the respective state will continue to apply.
The clearing of interest swaps is to be done via a central counterparty from 2016 in conformity with EMIR (Regulation (EU) No 648/2012).
Please explain:ESMA has the power to impose fines or periodic penalty payments upon trade repositories and persons involved in trade repositories, Procedural rules for taking supervisory measures and imposing fines on trade repositories are described in article 64-69 of EMIR (Regulation No 648/2012 of 4 July 2012 on OTC Derivatives, central counterparties and trade repositories).