EMIR Q&As and validation rules after 1 November 2017
On 3 April 2017 ESMA has published updated EMIR Q&As document. In order to facilitate smooth and well-informed preparation for the implementation of the revised standards (revised EMIR RTS and ITS), ESMA has included the updated versions of those questions in the Q&A, indicating that they will become applicable from 1 November 2017, together with the revised technical standards.
The Q&As also include an updated question regarding the obligation to report outstanding trades following the entry into force of EMIR, i.e. the backloading.
Furthermore, ESMA has published the updated validation rules for the reports submitted under the revised technical standards (revised RTS). The updated validation rules will equally become applicable from 1 November 2017.