UK EMIR definition

UK EMIR means Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories dated 4 July 2012, as amended, as it forms part of domestic law in the United Kingdom by virtue of the EUWA, including any applicable regulations, rules, guidance or other implementing measures of the FCA, the Bank of England or the PRA (or their successor) in relation thereto.

UK EMIR means Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories dated 4 July 2012, as it forms part of domestic law in the United Kingdom by virtue of the EUWA, including any applicable regulations, rules, guidance or other implementing measures of the FCA, the Bank of England or the PRA (or their successor) in relation thereto.

UK EMIR means Regulation (EU) No 648/2012 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and regulations made under that Act;

Examples of UK EMIR in a sentence

• The parties agree that the terms of the 2020 UK EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol published by ISDA on 17 December 2020 (“Protocol”) apply to the Agreement as if the parties had adhered to the Protocol without amendment.

• Prospective Shareholders and Shareholders should also be aware that EMIR will transposed into UK law following Brexit (“UK EMIR”), but that the transposition of specific EMIR requirements in this context may be slightly nuanced in order to take account of the existing UK legal framework within which UK EMIR will function.

• Going forward, potentially there could also be differences in the manner in which further EMIR obligations (for instance, under the EMIR Refit) and similar future obligations under UK EMIR are defined and implemented.Accordingly, it is difficult to predict the full impact of EMIR and UK EMIR on the Funds, which may include an increase in the overall costs of entering into and maintaining OTC derivatives contracts and the need to comply with multiple regulatory regimes.

• The latter classification is further split into: (i) non-financial counterparties whose positions, together with the positions of all other non-financial counterparties in its "group" (as defined in UK EMIR), in OTC derivatives (excluding hedging positions) exceed a specified clearing threshold ("NFC+"), and (ii) non-financial counterparties below the clearing threshold ("NFC-").

• OTC derivatives contracts entered into by NFC+ and FC entities (and/or third country equivalent entities) with each other that are not cleared by a central counterparty may be subject to the relevant margining requirement and the relevant daily valuation obligation under UK EMIR.

More Definitions of UK EMIR

UK EMIR means the European Market Infrastructure Regulation (EU) No 648/2012 of the European Parliament and Council on OTC derivatives, central counterparties and trade repositories as it forms part of domestic law in the United Kingdom by virtue of the EUWA; UK GDPR means the General Data Protection Regulation 2016/679 as it forms part of retained EU law (as defined in EUWA as amended from time to time);

UK EMIR means Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories dated 4 July 2012 as it forms part of ‘retained EU law’, as defined in the EUWA, from 1 January 2021.

UK EMIR means 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 (as amended from time to time), as it forms part of UK domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (“EUWA”) (as amended from time to time).

UK EMIR means the Regulation (EU) No 648/2012 of the European Parliament and the Council of 4 July 2012 on OTC Derivatives, Central Counterparties and Trade Repositories as it takes effect in English law by virtue of the European Union (Withdrawal) Act 2018, as amended, and regulations made thereunder; or

UK EMIR means EMIR as it forms of ‘retained EU law’ as defined in the European Union (Withdrawal) Act 2018 (as

UK EMIR means EMIR as it forms part of the domestic law of the United Kingdom by virtue of the EUWA and as subsequently amended, extended or re-enacted from time to time; and

UK EMIR means EMIR as transposed into the laws of the United Kingdom pursuant to the European Union (Withdrawal) Act 2018 and the European (Withdrawal Agreement) Act 2020 (as amended, supplemented or replaced from time to time).