ALFI's EMIR/OTC Derivatives FAQ working group, comprising Luxembourg representatives of asset managers, management companies, securities service firms, audit firms, law firms, and document and information management firms, published the 2nd edition of EMIR/OTC Derivatives FAQ document.
The document contains the working group's answers to the industries frequently asked questions about these nine regulatory and implementing technical standards that complement the obligations defined under 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 (the so-called European Markets Infrastructure Regulation - EMIR) adopted on 4 July and entered into force on 16 August 2012.
The document is not meant to be an industry standard or a guide to best practice but it represents the view from a group of market participants. The FAQ has not been validated by any regulator. This document must not be relied upon as advice and is provided without any warranty of any kind and neither ALFI nor its members who contributed to this document accept any liability whatsoever for any action taken in reliance upon it.
ALFI's members are welcome to submit a question to the working group, which will review it and consider whether to include it in a future copy of this document.
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© ALFI - Association of the Luxembourg Fund Industry
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