Derivatives · glossary

EMIR / UK EMIR

The EU's rules for over-the-counter derivatives, and the UK's own version, which governs this file. For Atlas they meant reporting, timely confirmation and checking statements. They required no clearing and no collateral, because Atlas was below the clearing thresholds. Schedule, Part 5.4 · Chapter 14

Explained in Chapter 14, The Wider Room, of Derivatives.

How it comes up, in Chapter 14
Two rule books govern trades like these. EMIR is the European Union's regulation of over-the-counter derivatives. UK EMIR is the United Kingdom's own version, and it is the one that governs this file. The detail changes, so check the text in force before you rely on a deadline.
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