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Questions and Answers
19 November 2021| ESMA70-1861941480-52 Questions and Answers Implementation of the Regulation (EU) no 648 /2012 on OTC derivatives, central counterparties and trade repositories (EMIR) 2 ESMA 103 rue de Grenelle 75007 Paris France Tel. +33 (0) 1 58 36 43 21 1. Background 1. 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 ( EMIR ) entered into force on 16 August 2012. Most of the obligations under EMIR needed to be specified further via regulatory technical standards and they will take effect following the entry into force of the technical standards. On 19 December 2012 the european Commission adopted without modifications the regulatory technical standards developed by ESMA. These technical standards were published in the Official Journal on 23 February 2013 and en-tered into force on 15 March 2013.
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 (“EMIR”) entered into force on 16 August 2012. ... Directive 2004/39/EC of the European Parliament and the Council MTF Multilateral Trading Facility
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