The Central Bank issues discussion papers to gather views on the best approach to possible changes to the Regulatory framework. A discussion paper may result in a subsequent consultation paper. You can view our discussion papers here
We issue consultation papers when enhancements to the Regulatory framework are being proposed. Current open consultation papers and closed consultation papers can be viewed here
Information update in relation to reporting under the European Market Infrastructure Regulation (EMIR)
The European Commission Delegated Regulations (EU) No 148/2013 to 153/2013 of 19 December 2012 supplementing EMIR were published in the Official Journal on 23 February 2013 and entered into force on 15 March 2013. The implementing technical standards were published in the official journal dated 21 December 2012.
European Commission Delegated Regulation No 149/2013, Article 12.4 states that “financial counterparties shall have the necessary procedure to report on a monthly basis to the competent authority designated in accordance with Article 48 of Directive 2004/39/EC of the European Parliament and of the Council the number of unconfirmed OTC derivative transactions referred to in paragraphs 1 and 2 that have been outstanding for more than five business days.”
At this point financial counterparties do not need to submit such a report unless specifically requested to by the Central Bank of Ireland. However it is expected that all impacted financial counterparties will, from 15th March 2013, have the necessary procedures in place to report to the Central Bank when requested to do so.”