CCP implementation timelines in Europe from EMIR


My thanks to The OTC Space for bringing this chart to my attention.

European Market Infrastructure Regulation (EMIR)

Below are the updated timelines for implementing OTC derivatives regulations in Europe with regard to central counterparties (CCPs) and trade repositories (TRs).

Main obligations are shown below

  • 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.

As Bill from The OTC Space says, looks like implementation in Europe may not occur till Feb-Jul 2014 (see red rectangle in chart).

Apologies for quality of chart, having trouble enlarging it.

Link to EMIR here

EMIR timelines

2 Responses

  1. Spelling of OTC Space later on… OTS. I may put this into a cool Gantt chart one day if I have time.

  2. Hi Bill,

    OTS has been corrected to OTC-apologies,

    Best Regards

    Paul

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