Looming Emir deadline prompts race to comply

deadline

Many corporates and small financial end-users will break new European rules on portfolio reconciliation when a key deadline arrives next week, market participants are warning – potentially leaving them unable to trade. Others are still racing to comply, with more than 200 non-financials filing related documents this week.

From September 15, the European Market Infrastructure Regulation (Emir) requires all entities that trade over-the-counter derivatives to have agreed portfolio reconciliation

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