We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy. Learn more here.Close Me
On 28 February 2017, the CPMI and IOSCO published Technical
Guidance on the harmonization of the UTI. The development of a UTI
was identified in September 2014 by the FSB as a critical element
for a mechanism to produce and share global aggregated derivatives
reporting data, along with the development of a unique product
identifier and the harmonisation of other key data elements. The
purpose of the global UTI would be to uniquely identify each OTC
derivative transaction required by authorities to be reported to
trade repositories. Numerous countries have implemented legislative
and regulatory requirements for the reporting of OTC derivatives
aimed at improving transparency, mitigating systemic risk and
preventing market abuse. The aggregation of data from those trade
repositories is key to giving authorities a comprehensive view of
the OTC derivatives market and activity.
The Technical Guidance is intended to guide authorities in
preparing rules for a global uniform UTI. The Technical Guidance
includes, among other things, the circumstances in which a UTI
should be used, the impact of life cycle events on the UTI, which
entity should be responsible for generating a UTI, when a UTI
should be generated and the structure and format of a UTI. The FSB
is expected to launch a consultation on UTI governance in the next
few months. The CPMI and IOSCO are continuing their work towards
producing technical guidance on UPIs and the harmonisation of other
critical data elements.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
In the wake of the promulgation of new cybersecurity regulations by New York State's Department of Financial Services, Colorado has proposed cybersecurity regulations for broker-dealers, investment advisers and other fund managers in the ever-changing privacy landscape.
As part of their diversified investment programs, many family offices invest in private alternative investment funds, which may include real estate funds, hedge funds, private equity funds...
On April 6, the 21st Century Glass-Steagall Act of 2017 (GSA) was introduced in the U.S. Senate by Elizabeth Warren, D-Mass., with John McCain, R-Ariz., Maria Cantwell, D-Wash. and Angus King...
FINRA has introduced an expansion of Rule 4210 (the Rule), effective Dec. 15, 2017, importing margin concepts into the world of mortgage-backed transactions.
The Home Mortgage Disclosure Act (HMDA), passed by Congress in 1975, requires the collection, recording, reporting and public disclosure of residential mortgage lending activity.
One of the regulatory pillars of the EMIR is the requirement for parties to collateralize the marked-to-market exposure in over-the-counter derivatives transactions that are not cleared by a central clearing system.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
Mine Financing In 2017 - Video
