UK EMIR library

To help understand your firm’s requirements, see our links to useful information on UK European Market Infrastructure Regulation (UK EMIR), including statutory information and Handbook guidance for implementing UK EMIR.

The changes to onshore the EU EMIR Technical Standards

The Technical Standards (European Market Infrastructure Regulation) (EU Exit) (No 1) Instrument 2019 onshores the following technical standards: 

  • Commission Implementing Regulation (EU) 1248/2012 of 19 December 2012 laying down implementing technical standards with regard to the format of applications for registration of trade repositories according to Regulation (EU) 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories;

The Technical Standards (European Market Infrastructure Regulation) (EU Exit) (No 2) Instrument 2019 onshores the following technical standards:

  • Commission Delegated Regulation (EU) No 148/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards on the minimum details of the data to be reported to trade repositories; and
  • Commission Delegated Regulation (EU) No 149/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on indirect clearing arrangements, the clearing obligation, the public register, access to a trading venue, non-financial counterparties, and risk mitigation techniques for OTC derivatives contracts not cleared by a CCP.

The Technical Standards (European Market Infrastructure Regulation) (EU Exit) (No 3) Instrument 2019 onshores the following technical standards:

  • Commission Delegated Regulation (EU) 150/2013 of 19 December 2012 supplementing Regulation (EU) 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards specifying the details of the application for registration as a trade repository; and
  • Commission Delegated Regulation (EU) 151/2013 of 19 December 2012 supplementing Regulation (EU) 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories, with regard to regulatory technical standards specifying the data to be published and made available by trade repositories and operational standards for aggregating, comparing and accessing the data.

The Technical Standards (European Market Infrastructure Regulation) (EU Exit) (No 4) Instrument 2019 onshores the following technical standards:

  • Commission Implementing Regulation (EU) No 1247/2012 of 19 December 2012 laying down implementing technical standards with regard to the format and frequency of trade reports to trade repositories according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories

The Technical Standards (Securities Financing Transactions Regulation) (EU Exit) (No 2) Instrument 2020 onshores the amendments to the following technical standards:

  • Commission Implementing Regulation (EU) No 1247/2012 with regard to the use of reporting codes in the reporting of derivative contracts 

The Bank of England and Prudential Regulation Authority have also published Technical Standards relating to aspects of UK EMIR where they are the relevant competent authority:

FCA Handbook

Our supervision manual (SUP) and decision procedure and penalties manual (DEPP) include guidance on notifications and applications to us. In addition, new sections under DEPP and the Enforcement Guide (EG) have been included on supervisory and enforcement powers in relation to Trade Repositories (TRs).

Our Handbook also lists the relevant guidance material to be used when implementing UK EMIR requirements.

Page updates

: Link changed Removed broken link.
: Editorial amendment page update as part of the website refresh
: Link added Links added to the first three bullet points
: Link added Reporting of derivatives under the UK EMIR regime in a no-deal scenario
: Link added The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020
: Information added The Technical Standards (Securities Financing Transactions Regulation) (EU Exit) (No 2) Instrument 2020

29/08/2019: Link changed Updated EU Commission FAQs link