Regulation
Regulation: EU and UK
EMIR, MiFID II and MiFIR, UK EMIR, PRIIPs and the Benchmarks Regulation.
Introductory1 pagePractitioner5 pages
1EU and UK Regulation
- IntroductoryOverview of Derivatives Regulation in the EU and UKAn EU regulation applies directly in the member states, while a directive is implemented by the member states through national law.
- PractitionerEMIRIt imposes a clearing obligation, risk management for uncleared trades, and a reporting obligation on EU financial institutions and companies.
- PractitionerMiFID II and MiFIRMiFID II is a directive that Member States transpose into national law, and MiFIR is a regulation that applies directly in Member States.
- PractitionerUK EMIRUK EMIR carries the EU's EMIR into UK law and requires clearing, reporting, and risk management of uncleared trades.
- PractitionerPRIIPsThe Regulation requires the manufacturer of a product offered to retail investors to draw up and publish a key information document (KID), and the seller to provide it before the contract.
- PractitionerThe EU Benchmarks Regulation (BMR)Most of the regulation applies only to four kinds of benchmarks, including critical benchmarks.