Tuesday June 13 2017

News Source: Fund Regulation

Focus: Other

Type: General

Country: Belgium




The Financial Services and Markets Authority (FSMA) has published FAQs about the FSMA Regulation of 17 January 2017 on the cooperation of statutory auditors in the supervision of compliance with the EMIR Regulation by non-financial counterparties.

Questions and answers about the application of the EMIR Regulation and its implementing regulations are addressed, among other places, in the FAQs about EMIR published by the European Commission and by ESMA.

The FSMA FAQs concern the following:

  • Question 1. Article 2 of the FSMA Regulation: territorial scope?
  • Question 2. Link to a financial counterparty
  • Question 3. Treatment of (foreign) treasury centres Question 4. Article 2, §2 of the FSMA Regulation: intragroup transactions?
  • Question 5. Procedure 1.3 of the AUP “clearing thresholds”
  • Question 6. Data available
  • Question 7. Timing
  • Question 8: Sample size
  • Question 9. SIC/VBS and SIR/GVVs
  • Question 10. Rejection and reconciliation reports
  • Question 11. Public sector entities
  • Question 12. Language of the reports
  • Question 13. Change of statutory auditor
  • Question 14: EMIR Review

Click on the link above for further details.