EMIR: EU Commission adopts Implementing Regulation on format and frequency of trade reports to trade repositories

The Implementing Regulation, which amends Implementing Regulation (EU) No 1247/2012 and puts in place revised standards for reporting to trade repositories, will be subject to an objection period by the EU Parliament and the Council, after which it will be published in the Official Journal. The implementation of the rules will begin nine months after the entry into force of the Implementing Regulation, with the exception of the extension of the deadline for the reporting of historic trades, which will become applicable immediately upon publication of the Implementing Regulation.