GE BaFin EMIR Reporting Guidelines

On Jan. 24, GE BaFin said it will apply new ESMA guidelines on EMIR.

  • GE BaFin announced that it will apply ESMA's guidelines on reports in accordance with European market infrastructure regulation (EMIR), which apply from Apr. 29, 2024.
  • Follows ESMA Oct. 2023 issued ESMA74-362-2281 EMIR reporting guide, #157256.
  • Summary
  • Apply to derivatives reporting obligations under Article 9 EMIR, trade repositories that check data for accuracy and bodies using data for supervisory/regulatory purposes.
  • Guidelines are intended to harmonize and standardize reports to improve data quality and aid system risk monitoring, while cutting costs along the entire reporting chain.
  • Based on Article 16(1) of the ESMA Regulation, the guidelines specify, among other things, reporting logic, reports on different types of derivatives, plus data access.
  • Effectiveness
  • Guidelines will apply from Apr. 29, 2024.

Regulators GE BaFin
Entity Types Corp; Inv Co
Reference PR, 1/24/2024; Gd ESMA74-362-2281; EMIR Reg 648/2012
Functions Compliance; Financial; Legal; Operations; Registration/Licensing; Reporting; Risk; Settlement; Trade Reporting; Treasury
Countries Germany
Products Corporate; Derivatives; Fund Mgt; Securities
Regions EMEA
Rule Type Final
Rule Date 1/24/2024
Effective Date 4/29/2024
Rule Id 198978
Linked to Rule :157256
Reg. Last Update 1/24/2024
Report Section EU

Last substantive update on 01/27/2024