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FSA Updates EMIR Forms

On 12 March 2013, the FSA updated its website dealing with EMIR notifications and exemptions.

From 15 March 2013, using the forms provided, non-financial counterparties are required to notify the FSA if:

  • They have breached the EMIR clearing threshold (i.e. they are NFC+), or
  • They no longer breach the EMIR clearing threshold (i.e. they are NFC-).

The forms must be submitted by a person with appropriate authority, such as an executive director, company secretary or head of compliance.

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