ESMA has published updated Q and As on EMIR

The updated text and new questions with related clarifications are as follows:

General Questions

. Q1 on funds and counterparties and whether entities with a charitable

nature or otherwise a non-profit profile have to report under EMIR

OTC Questions

. Q3 on the calculation of the clearing threshold

. Q12 on risk mitigation techniques

. Q18 on indirect clearing (new)

 CCP Questions

 Q3, 8 11, 12, 16 modified, 17, 18 & 19 new

TR Questions

. Q1 on classification of financial instruments

. Q10 on codes

The following are new questions:

. Q18 on UTI construction

. Q19 on UTI generation

. Q20 on Empty fields

. Q21 on UPI taxonomy

. Q22 on venues with all codes

. Q23 "all code"

. Q24 buy/sell indicator for swaps

. Q25 decimal values in fields 15 & 16

. Q26 complex contracts

. Q27 Leg 1 and Leg 2 fields

OTC reporting scenario

. Amended - Reporting to TRs - transaction scenarios

Related link:

http://www.esma.europa.eu/content/QA-VI-EMIR-Implementation