This policy statement (PS) provides a summary of the feedback received to the consultation paper (CP) regarding our proposed amendments to the UK EMIR Trade Repository reporting requirements. It also sets out our response to the feedback and the finalised rules (Appendix 1).
Under Article 9 of UK EMIR, the Bank of England (the Bank) and Financial Conduct Authority (FCA) (together, ‘the Authorities’) share supervisory responsibilities for the derivatives reporting obligation. The Bank is responsible for the framework for derivatives reporting as it applies to central counterparties (CCPs). The FCA is responsible for the reporting framework for all other counterparties. Any subsequent references to ‘we, ‘us’ and ‘our’ in this PS should be read in this context and based on this split of responsibilities.