Overview of New EMIR 3.0 Regime for Derivatives Clearing
Following difficult political negotiations, the updated European Market Infrastructure Regulation (EMIR) framework was published in the Official Journal of the EU in December 2024. It aims to enhance clearing activity in the EU and reduce the reliance on Central Counterparties (CCPs) outside the EU. You are invited to join AIMA and Simmons & Simmons for this webinar where we will provide you with an overview of the new regime for derivatives clearing introduced under the EMIR review, i.e. EMIR 3.0.
Join us to find out more about the following:
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The new active account requirement (AAR) – requiring certain financial counterparties (FCs) and non-financial counterparties (NFCs) to hold an active account at an EU CCP for certain products and comply with a range of associated obligations. Those FCs and NFCs have a June 2025 deadline to establish the active account.
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The complexities of the “representativeness” requirement in the AAR - requiring a minimum number of trades to be cleared at an EU CCP for certain products.
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The recent decision by the European Commission to extend the equivalence decision for UK CCPs until 2028 and what that means for market participants.
Speakers:
- Craig Bisson, Partner, Derivatives & Trading, Simmons & Simmons
- Emma Chell, Senior Knowledge Lawyer, Simmons & Simmons
- Danny O’Connell, Director, AIMA
Sponsored by:
