The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 were laid before Parliament on 7 March and come into force on 1 April 2013, immediately after the coming into force of section 6 of the Financial Services Act 2012: see here or here (pdf). The Regulations amend the Financial Services and Markets Act 2000 in order to repeal provisions which are inconsistent with the European Market Infrastructure Regulation (No 648/2012) ("EMIR") or are no longer required. Further information in respect of the Regulations is available in the accompanying explanatory memorandum: see here (pdf). Further information about EMIR, and the technical standards produced by the European Supervisory Authorities and adopted by the Commission without modification, is available here.
Wednesday, 13 March 2013
UK: The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013
The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 were laid before Parliament on 7 March and come into force on 1 April 2013, immediately after the coming into force of section 6 of the Financial Services Act 2012: see here or here (pdf). The Regulations amend the Financial Services and Markets Act 2000 in order to repeal provisions which are inconsistent with the European Market Infrastructure Regulation (No 648/2012) ("EMIR") or are no longer required. Further information in respect of the Regulations is available in the accompanying explanatory memorandum: see here (pdf). Further information about EMIR, and the technical standards produced by the European Supervisory Authorities and adopted by the Commission without modification, is available here.
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