EMIR

EMIR (The European Market Infrastructure Regulation) - Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ, L 201/12) entered into force on 16 August 2012. EMIR sets requirements regarding derivatives trading.

The aims of EMIR are mitigation of counterparty risk, increase of transparency in the over-the-counter (OTC) derivatives markets and reduction of operational risk.

EMIR accompanied with technical standards lays down clearing and bilateral risk-management requirements for OTC derivative contracts, reporting requirements for derivative contracts and uniform requirements for the performance of activities of central counterparties (CCPs) and trade repositories (TR).

More information on EMIR available in Slovene.