Joint response to a European Commission (EC) consultation on the unintended consequences on EMIR

A number of high-profile real estate bodies have warned that European Market Infrastructure Regulation (EMIR) is placing a “disproportionate operational and legal burden” on Non-Financial Counterparties (NFCs), including many real estate investors, by requiring them to report details of their derivatives to central databases known as trade repositories (TRs), even when these details are already reported by their bank counterparty. –

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