22 June 2017 | AMF news release | The Autorité des Marchés Financiers publishes its 2016 annual report On 21 June 2017, Gérard Rameix, Chairman of the Autorité des Marchés Financiers, presented the AMF 2016 activity report to the media. He took the opportunity to highlight a few challenges that lay ahead for the coming months: the negotiations between the European Union and the United Kingdom, as well as EMIR reform and the implementation of… … the European Commission has proposed avenues to reform the EMIR on derivative products and a report on the functioning … stating its priorities in terms of the review of the EMIR regulation on derivatives. It argues that this review … the European Union and the United Kingdom, as well as EMIR reform and the implementation of important texts, … |
03 May 2017 | Public statements | Europe at a crossroads The vote for Brexit is not a good news for Europe, but the EU must continue on its path. Editorial extracted from the No. 23 of the AMF Financial Regulation Newsletter. … (AIFMD), the European Market Infrastructure Regulation (EMIR) and some provisions of MIFID II, include provision for … to secure trade and restore confidence. Work is under way. EMIR, which was one of the main reforms undertaken in the … central clearing. This last phase of the implementation of EMIR will take place gradually while legislators are starting … |
02 May 2017 | News | AMF priorities in the EMIR review While in November 2016 the European Commission undertook a review of EMIR on derivative products traded over-the-counter, the AMF is publishing two position papers on its priorities under the EMIR review and on the conditions under which post-market infrastructures based outside the European Union can benefit from the equivalence regime. … AMF priorities in the EMIR review … On 23 November 2016 the European Commission published a report on the review of EMIR on derivatives traded over-the-counter, adopted in 2012. … initiated by the European Commission in May 2015 on EMIR revision, to which the AMF had responded. A draft … |
02 May 2017 | AMF’s EU positions | AMF priorities in the EMIR review This document sets out the priorities that the AMF recommends be addressed in the review of the regulation on over-the-counter derivatives (EMIR). … AMF priorities in the EMIR review … Télécharger le contenu This document sets out … review of the regulation on over-the-counter derivatives (EMIR). AMF priorities in the EMIR review … /en/news-publications/amfs-eu-positions/amf-priorities-emir-review … This document sets out the priorities that the … |
02 May 2017 | AMF’s EU positions | AMF position paper on the equivalence scheme for third-country post-market infrastructures This document sets out the AMF's position on the conditions under which non-EU post-market infrastructures can benefit from the equivalence scheme. … scheme for third-country post-market infrastructures … EMIR … |
31 March 2017 | News | Management companies: obligation to exchange margins takes effect on 1 March 2017 for non-centrally cleared derivatives In application of the delegated regulation defining and implementing the obligation to exchange collateral for non-centrally cleared contracts, management companies that manage UCITS and AIFs – like any other financial counterparty – will be required to progressively implement this obligation, as stipulated by EMIR, the European Market… … the delegated regulation issued in application of EMIR states that the parties must bilaterally exchange … purposes. … Read more … Delegated regulation applying EMIR, published 15 December 2016 in the Official Journal of … progressively implement this obligation, as stipulated by EMIR, the European Market Infrastructure Regulation on … |
25 January 2017 | AMF news release | A new market surveillance system to help the AMF keep markets safe and transparent The Autorité des Marchés Financiers (AMF), ever determined to remain at the forefront of detecting market abuse and other violations, is launching an effort to modernise its monitoring system, enhancing its ability to detect, analyse and investigate suspicious activity. … market regulatory reforms. Following the adoption of EMIR for over-the-counter derivative trading, in early 2018 … |
09 January 2017 | News | EMIR: entry into force of collateral requirements for non-centrally cleared derivatives on 4 February 2017 To mitigate the impact of a default by a market participant, the European Market Infrastructure Regulation (EMIR) requires that trading in derivatives be subject to central clearing or a bilateral exchange of collateral. Following the central clearing obligation, the margin exchange obligation is now taking effect. … EMIR: entry into force of collateral requirements for … under the European Market Infrastructure Regulation (EMIR) on derivatives, central counterparties and trade … non-centrally cleared derivatives is the final stage of EMIR’s implementation, which will be in full force from 2017. … |
28 November 2016 | News | Asset reuse: The AMF is vigilant of the impact of regulation on the collateral market Asset re-use contributes to the smooth functioning of financial markets, but can also lead to financial stability risks or concerns associated with the protection of client assets. In this economic and legal study, with a particular attention being focused on the lessons learnt from the 2007 financial crisis, the AMF considers that further… … to enhance the security of derivatives transactions (EMIR). These texts, which were essential to strengthen market … |
26 May 2016 | News | 21 June 2016: start date for the Central Clearing obligation The obligation to centrally clear certain contracts, which is the key obligation under this regulation, will be implemented gradually starting on 21 June 2016. Central clearing has to be carried out in a clearing house authorised under the EMIR framework. Focus on the first derivatives covered and the timeline for the various players. … obligation … In order to secure OTC derivative swaps, the EMIR regulation sets out the obligation for all financial … handled via clearing houses authorized in accordance with EMIR, the number of which currently stands at 16 in the … obligation. The ESMA website will also have a list of EMIR-authorised clearing houses. … Read more … Delegated … |