EMIR

The EMIR regulation ("European Market Infrastructure Regulation"); i.e. regulation of the European Parliament and the Council (EU) No. 648/2012 of July 4, 2012 on OTC1 Derivatives2, Central Counterparties and Trade Repositories and regulation of the Commission Delegated Regulation (EU) No. 149/2013 of December 19, 2012 (hereinafter the "EMIR Regulation" or "Regulation of EMIR") will significantly increase the stability, transparency and confidence in financial markets because regulatory authorities will have access to more detailed information on particular OTC transactions. Thus central regulatory authorities will have a more reliable overview of the systemic risk concentration of individual market participants. This change means an increase in the security of transactions carried out on financial markets for clients of financial institutions e.g. banks. The document on this web site will be regularly updated due to continual changes in regulation in an related area.

As of January 3rd, 2018 MIFID II EU regulation brings new obligaton for Legal Entities and Enterpreneurs (FOP). These persons must obtain the Legal Entity Identifier (LEI) code before further trading with bonds traded on trading venues (RM, MTF,OTF) will be allowed with them. The guidlines how to obtain this LEI code are described in attached document.