The FCA published a joint FCA/Bank of England Policy Statement (PS 23/2) alongside the final amendments to Technical Standards and new rules for Trade Repositories (TRs) in relation to changes to the derivatives reporting framework under UK EMIR.
It also provided the supporting technical specification documents to assist with the implementation of these rules:
- Draft UK EMIR Validation rules (applicable from 30 September 2024).
- XML Schemas under UK EMIR (applicable from 30 September 2024).
The GO LIVE date for the new rules was also confirmed as 30 September 2024.
Watch this space as we review this information, and provide guidance for the successful interpretation and implementation of the new rules.