EMIR (European Market Infrastructure Regulation) is a European Union regulation that was designed to regulate trading and to ensure the reduction of risks mostly associated with complex over-the-counter (OTC) financial instruments. The regulation obliges parties involved in complex financial instruments transactions to provide reporting. ESMA (European Securities and Markets Authority) has approved the reporting obligations start date as 12 February 2014.
- Measures to reduce risks;
- Measures to ensure clearing;
- Reporting for concluded stock exchange and OTC transactions.
All legal entities (companies) registered in the EU or the EEA and conducting transactions in complex financial instruments, regardless of transactions volumes, have to acquire the Legal Entity Identifier (LEI), the international identification code that identifies every legal entitity (a company) participating in transactions in complex financial instruments.
To facilitate acquisition of LEI code and transaction reporting in complex financial instruments, our customers can authorize AS IBS "Renesource Capital" to act on behalf of their companies.
EMIR regulation is available on ESMA website.