Examples of European Market in a sentence
EU Regulation 648/2012 on OTC derivatives, central counterparties and trade repositories (also known as the European Market Infrastructure Regulation or EMIR) requires certain eligible OTC derivatives to be submitted for clearing to regulated central clearing counterparties and the reporting of certain details to trade repositories.
Reporting obligations: each of the Funds’ derivative transactions must be reported to a trade repository registered or recognised under the European Market Infrastructure Regulation or, where such a trade repository is not available to record the details of a derivative contract, to ESMA.
Enhanced regulation of the OTC derivatives markets The European Market Infrastructure Regulation (“EMIR”) seeks comprehensively to regulate the OTC derivatives market in Europe for the first time including, in particular, imposing mandatory central clearing, trade reporting and, for non-centrally cleared trades, risk management obligations on counterparties including timely confirmation, portfolio reconstruction, dispute resolution and margining requirements.
The European Market Infrastructure Regulation EU 648/2012 ("EMIR") entered into force on 16 August 2012.
The Issuer would also be classified as a "financial counterparty" under the European Market Infrastructure Regulation EU 648/2012 and may be required to comply with clearing obligations or other risk mitigation techniques with respect to derivative transactions including obligations to post margin to any central clearing counterparty or market counterparty.