◷
New version applies from 02/07/2014 — introduced by Bank Recovery and Resolution Directive (BRRD).
104 provisions change.
Later versions: 25/06/2015, 16/09/2015, 12/01/2016, 03/01/2017, 01/04/2017, 30/06/2017, 01/01/2019, 17/06/2019, 18/12/2019, 01/01/2020, 18/06/2020, 11/02/2021, 13/02/2021, 28/06/2021, 12/08/2022, 24/12/2024, 17/01/2025.
European Market Infrastructure Regulation (EMIR)
16/08/2012 → 01/01/2014: 5 inserted · 0 removed · 186 amended · 0 moved · 2 renamed · 7 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
- amended Preamble
Recitals
- amended Recital 1
- amended Recital 2
- amended Recital 3
- amended Recital 4
- amended Recital 5
- amended Recital 6
- amended Recital 7
- amended Recital 8
- amended Recital 9
- amended Recital 10
- amended Recital 11
- amended Recital 12
- amended Recital 13
- amended Recital 14
- amended Recital 15
- amended Recital 16
- amended Recital 17
- amended Recital 18
- amended Recital 19
- amended Recital 20
- amended Recital 21
- amended Recital 22
- amended Recital 23
- amended Recital 24
- amended Recital 25
- amended Recital 26
- amended Recital 27
- amended Recital 28
- inserted Recital
- amended Recital 29
- amended Recital 30
- amended Recital 31
- amended Recital 32
- amended Recital 33
- amended Recital 34
- amended Recital 35
- amended Recital 36
- amended Recital 37
- amended Recital 38
- amended Recital 39
- amended Recital 40
- amended Recital 41
- amended Recital 42
- amended Recital 43
- amended Recital 44
- amended Recital 45
- amended Recital 46
- amended Recital 47
- amended Recital 48
- amended Recital 49
- amended Recital 50
- amended Recital 51
- amended Recital 52
- amended Recital 53
- amended Recital 54
- amended Recital 55
- amended Recital 56
- amended Recital 57
- amended Recital 58
- amended Recital 59
- amended Recital 60
- amended Recital 61
- amended Recital 62
- amended Recital 63
- amended Recital 64
- amended Recital 65
- amended Recital 66
- amended Recital 67
- amended Recital 68
- amended Recital 69
- amended Recital 70
- amended Recital 71
- amended Recital 72
- amended Recital 73
- amended Recital 74
- amended Recital 75
- amended Recital 76
- amended Recital 77
- amended Recital 78
- amended Recital 79
- amended Recital 80
- amended Recital 81
- amended Recital 82
- amended Recital 83
- amended Recital 84
- amended Recital 85
- amended Recital 86
- amended Recital 87
- amended Recital 88
- amended Recital 89
- amended Recital 90
- amended Recital 91
- amended Recital 92
- amended Recital 93
- amended Recital 94
- amended Recital 95
- amended Recital 96
- amended Recital 97
- amended Recital 98
- amended Recital 99
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS
- amended Article 1 - Subject matter and scope Title I
- amended Article 2 - Definitions Title I
- amended Article 3 - Intragroup transactions Title I
Title II - CLEARING, REPORTING AND RISK MITIGATION OF OTC DERIVATIVES
- amended Article 4 - Clearing obligation Title II
- amended Article 5 - Clearing obligation procedure Title II
- amended Article 6 - Public register Title II
- amended Article 7 - Access to a CCP Title II
- amended Article 8 - Access to a trading venue Title II
- amended Article 9 - Reporting obligation Title II
- amended Article 10 - Non-financial counterparties Title II
- amended Article 11 - Risk-mitigation techniques for OTC derivative contracts not cleared by a CCP Title II
- amended Article 12 - Penalties Title II
- amended Article 13 - Mechanism to avoid duplicative or conflicting rules Title II
Title III - AUTHORISATION AND SUPERVISION OF CCPs
- amended Article 14 - Authorisation of a CCP Title III › Chapter 1
- amended Article 15 - Extension of activities and services Title III › Chapter 1
- amended Article 16 - Capital requirements Title III › Chapter 1
- amended Article 17 - Procedure for granting and refusing authorisation Title III › Chapter 1
- amended Article 18 - College Title III › Chapter 1
- amended Article 19 - Opinion of the college Title III › Chapter 1
- amended Article 20 - Withdrawal of authorisation Title III › Chapter 1
- amended Article 21 - Review and evaluation Title III › Chapter 1
- amended Article 22 - Competent authority Title III › Chapter 2
- amended Article 23 - Cooperation between authorities Title III › Chapter 3
- amended Article 25 - Recognition of a third-country CCP Title III › Chapter 4
Title III · 1 unchanged
Title IV - REQUIREMENTS FOR CCPs
- amended Article 26 - General provisions Title IV › Chapter 1
- amended Article 27 - Senior management and the board Title IV › Chapter 1
- amended Article 28 - Risk committee Title IV › Chapter 1
- amended Article 29 - Record keeping Title IV › Chapter 1
- amended Article 30 - Shareholders and members with qualifying holdings Title IV › Chapter 1
- amended Article 31 - Information to competent authorities Title IV › Chapter 1
- amended Article 32 - Assessment Title IV › Chapter 1
- amended Article 33 - Conflicts of interest Title IV › Chapter 1
- amended Article 34 - Business continuity Title IV › Chapter 1
- amended Article 35 - Outsourcing Title IV › Chapter 1
- amended Article 36 - General provisions Title IV › Chapter 2
- amended Article 37 - Participation requirements Title IV › Chapter 2
- amended Article 38 - Transparency Title IV › Chapter 2
- amended Article 39 - Segregation and portability Title IV › Chapter 2
- amended Article 41 - Margin requirements Title IV › Chapter 3
- amended Article 42 - Default fund Title IV › Chapter 3
- amended Article 43 - Other financial resources Title IV › Chapter 3
- amended Article 44 - Liquidity risk controls Title IV › Chapter 3
- amended Article 45 - Default waterfall Title IV › Chapter 3
- amended Article 46 - Collateral requirements Title IV › Chapter 3
- amended Article 47 - Investment policy Title IV › Chapter 3
- amended Article 48 - Default procedures Title IV › Chapter 3
- amended Article 49 - Review of models, stress testing and back testing Title IV › Chapter 3
- amended Article 50 - Settlement Title IV › Chapter 3
- inserted Title IV › Chapter 4 - Calculations and reporting for the purposes of Regulation (EU) No 575/2013
- inserted Article 50a - Calculation of K CCP Title IV › Chapter 4
- inserted Article 50b - General rules for the calculation of K CCP Title IV › Chapter 4
- inserted Article 50c - Reporting of information Title IV › Chapter 4
- inserted Article 50d - Calculation of specific items to be reported by the CCP Title IV › Chapter 4
Title IV · 1 unchanged
Title V - INTEROPERABILITY ARRANGEMENTS
- amended Article 51 - Interoperability arrangements Title V
- amended Article 52 - Risk management Title V
- amended Article 53 - Provision of margins among CCPs Title V
- amended Article 54 - Approval of interoperability arrangements Title V
Title VI - REGISTRATION AND SUPERVISION OF TRADE REPOSITORIES
- amended Article 55 - Registration of a trade repository Title VI › Chapter 1
- amended Article 56 - Application for registration Title VI › Chapter 1
- amended Article 57 - Notification of and consultation with competent authorities prior to registration Title VI › Chapter 1
- amended Article 58 - Examination of the application Title VI › Chapter 1
- amended Article 59 - Notification of ESMA decisions relating to registration Title VI › Chapter 1
- amended Article 61 - Request for information Title VI › Chapter 1
- amended Article 62 - General investigations Title VI › Chapter 1
- amended Article 63 - On-site inspections Title VI › Chapter 1
- amended Article 64 - Procedural rules for taking supervisory measures and imposing fines Title VI › Chapter 1
- amended Article 65 - Fines Title VI › Chapter 1
- amended Article 66 - Periodic penalty payments Title VI › Chapter 1
- amended Article 67 - Hearing of the persons concerned Title VI › Chapter 1
- amended Article 68 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Title VI › Chapter 1
- amended Article 71 - Withdrawal of registration Title VI › Chapter 1
- amended Article 72 - Supervisory fees Title VI › Chapter 1
- amended Article 73 - Supervisory measures by ESMA Title VI › Chapter 1
- amended Article 74 - Delegation of tasks by ESMA to competent authorities Title VI › Chapter 1
- amended Article 75 - Equivalence and international agreements Title VI › Chapter 2
- amended Article 77 - Recognition of trade repositories Title VI › Chapter 2
Title VI · 4 unchanged
Title VII - REQUIREMENTS FOR TRADE REPOSITORIES
- amended Article 78 - General requirements Title VII
- amended Article 79 - Operational reliability Title VII
- amended Article 80 - Safeguarding and recording Title VII
- amended Article 81 - Transparency and data availability Title VII
- amended Article 82 - Exercise of the delegation Title VII
Title VIII - COMMON PROVISIONS
- amended Article 83 - Professional secrecy Title VIII
- amended Article 84 - Exchange of information Title VIII
Title IX - TRANSITIONAL AND FINAL PROVISIONS
- amended Article 85 - Reports and review Title IX
- amended Article 86 - Committee procedure Title IX
- amended Article 87 - Amendment to Directive 98/26/EC Title IX
- amended Article 88 - Websites Title IX
- amended Article 89 - Transitional provisions Title IX
- amended Article 91 - Entry into force Title IX
Title IX · 1 unchanged
Annexes
- amendedrenamed Annex I - List of infringements referred to in Article 65(1) was “Annex I”
- amendedrenamed Annex II - List of the coefficients linked to aggravating and mitigating factors for the application of Article 65(3) was “Annex II”