On the 1st October 2015, the European Securities and Markets Authority (ESMA) published the 14th update of its Q&A document on the implementation of the European Markets Infrastructure Regulation (EMIR). The Q&As provide answers and guidance related to questions received regarding the implementation of EMIR.
This latest update provides guidance on a procedure to be followed by counterparties and TRs in order to update counterparty’s identifier in case where a counterparty obtains LEI or its LEI changes due to a merger or acquisition.
ESMA’s Q&As are designed to effectively promote common supervisory approaches and practices in the application of EMIR by providing responses to questions posed by the general public, market participants and competent authorities in relation to the Regulation’s practical application.
The full set of guidelines is available for download from ESMA’s official website.