SWE FI Guidelines for EMIR Reporting

On Feb. 7, SWE FI confirmed ESMA reporting guidelines compliance.

  • SWE FI confirmed that it will comply with the new ESMA guidelines on EMIR reporting.
  • Follows ESMA Oct. 2023 issued guidelines for reporting under EMIR, see #157256.
  • Guideline Overview
  • SWE FI's view is that guidelines from ESMA addressed to either competent authorities or financial market participants are to all be equated with the Swedish general advice.
  • Regulation 1095/2010 on the establishment of ESMA means all of the competent EU authorities or financial market participants must directly, because of the regulation, seek to comply with these guidelines with all available means, and support their use.
  • Guidelines will apply to financial and non-financial counterparties, to derivatives as defined in Art. 2.8 and 2.9 of EMIR, to trade repositories (TRs) as defined in Article 2.2 of the EMIR and to all the competent authorities in the EU across the member States.
  • Guidelines clarified the transition to reporting under the new rules, and the number of reportable derivatives, and issues on exemption from intragroup derivatives reporting.
  • Delegation of reporting and allocation of responsibility for reporting, reporting logic and reporting fields, reporting of different types of derivatives, ensuring data quality.
  • Construction of the trade state report, reconciliation of derivatives and data access.
  • Effectiveness
  • The new ESMA EMIR guidelines will now be entering into force as from Apr. 29, 2024.

Regulators SWE FI
Entity Types B/D; Bank; Depo; Exch; HF; IA; Ins; Inv Co
Reference PR 2/7/2024; Gd ESMA74-362-2281; EMIR Reg 648/2012; ESMA Reg 1095/2010
Functions Compliance; Financial; Legal; Operations; Reporting; Risk; Trade Reporting; Treasury
Countries Sweden
Products Banking; Custody; Derivatives; Fund Mgt; Hedge Funds; Insurance; Securities
Regions EMEA
Rule Type Final
Rule Date 2/7/2024
Effective Date 4/29/2024
Rule Id 200655
Linked to Rule :157256
Reg. Last Update 2/7/2024
Report Section EU

Last substantive update on 02/12/2024