European Market Infrastructure Regulation
The European Market Infrastructure Regulation (EMIR) is an EU regulation aimed at reducing systemic counterparty and operational risk and thereby prevent future financial system collapses. Its focus is regulation of over-the-counter (OTC) derivatives, central counterparties and trade repositories. It provides steer on reporting of derivative contracts, implementation of risk management standards and common rules for central counterparties and trade repositories.
| European Market Infrastructure Regulation | |
|---|---|
| European Parliament and Council of the European Union | |
| Passed | December 19, 2012 |
| Enacted | March 15, 2013 |
| Status: Current legislation | |
The regulation was initially adopted in 2012 and an amended version, the EMIR Refit regulation, was later on adopted in 2019.
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