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€250
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EMIR-REFIT’s Reporting
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- Completion Certificate
- 24/7 Technical Support
Dates
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- Delivered Online• to
- Delivered Online• to
Highlights
Live Online
5 CPD Units | 5 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
Many market participants mistakenly believe that EMIR is only a reporting obligation. EMIR mandates several actions firms need to undertake in order to manage risk emanating from OTC derivatives. Firms must then provide evidence of said measures to their respective Authorities in the form of a Report the EMIR report. This course provides an overview of the said requirements which culminate in the EMIR report itself.
Training Objectives
The seminar has been designed to equip participants with a thorough comprehension of the revised reporting requirements and their implications on their operations. The objective is to ensure compliance with the latest regulatory framework and help participates prepare for the upcoming changes.
Specifically, by the end of the programme, participants will:
Understand the Requisite Risk Mitigation Techniques for OTC derivatives.
Learn how EMIR requirements are met under ISDA Master Agreement Who’s subject to EMIR
Learn which Derivative Asset classes are subject to clearing, the role of CCPs, Active Account requirements, the requirements for Initial Margin Models vs Margin RTS
Understand EMIR reporting Elements, Dual Sided Reporting (Pairing and Matching), UPI walkthrough, Position Reporting, Action and Event Type combinations. Walk through worked reporting examples for Total Return Swaps, FX forwards, Equity Options, OTC Equity Options, CFDs, FX Swaps, Equity futures.
Learn when an Errors and Omissions notification to their Authorities is triggered.
Learn the Importance of End of Day Reports issued by Trade Repositories.
Training Outline
What is a derivative, an OTC Derivative, when is EMIR triggered, Financial vs. Non-Financial Counterparties.
Risk Mitigation Techniques (RMTs) for OTC derivatives.
Clearing Thresholds, Active Account with an EU Authorised CCP.
Collateral requirements under the Margin RTS vs Initial Margin Models mandated under EMIR 3.
RMTs in practice under ISDA Master Agreement
EMIR reporting: Meaning of T+1, Pairing and Matching of dual sided reports, Voluntary vs Mandatory reporting delegation
EMIR reporting data: Position vs Transaction level reporting, Action Event Type Combinations, ISIN or UPI or none, a walkthrough on how to identify correct UPIs.
EMIR reporting: worked examples
EMIR reporting: Errors and Omissions notification thresholds.
Conclusion and Q&A
Who Should Attend
The course will benefit anyone involved in preparing for EMIR-REFIT and is primarily aimed at compliance, operations and Risk Management staff.
It would be beneficial for attendees to have a foundational understanding of the EMIR framework.
Training Style
The programme will be an engaging and with a practical lecture that walks participants through the new reporting obligations and explores the significant changes to the reporting requirements.
The programme will delve into the impact of the revised rules on financial counterparties, small financial counterparties and non-financial counterparties, offering practical examples to facilitate your understanding. This interactive session will provide participants with valuable insights to ensure you stay ahead of EMIR’s reporting requirements.
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Facilitators
- GM
George Markides
George Markides joined Complyport Group in 2014 having spent a number of years in the financial services sector in various positions. Mr Markides is currently the Operational Manager of the Compliance Support Department at Complyport providing expert advice to a wide range of financial institutions such as Banks, Investment Firms, Funds and more in Cyprus and abroad. Mr. Markides holds a BSc from the University of surrey and an MBA from the Cyprus International Institute of Management.