FIA has responded to the UK Financial Conduct Authority and Bank of England’s consultation setting out draft questions and answers as guidance to support the implementation of revised UK EMIR reporting requirements that go live on 30 September 2024.
In its response, FIA commends the UK regulators for addressing requests from industry for supporting guidance on how the updated UK derivatives reporting framework should be implemented.
FIA’s response includes comments on several elements of the draft questions and answers. It also asks that UK regulators seek to prevent a disproportionate burden being placed on reporting entities that have established robust controls in place for detecting errors and omissions in their reporting.
Read the response in full.
