Association of Corporate Treasurers Publishes Guidelines on EMIR Implementation for Non-Financial Companies

The Association of Corporate Treasurers, the UK professional body for corporate treasury, has published a briefing note to assist non-financial companies in understanding the implications of the European Market Infrastructure Regulation (EMIR). In particular, the note highlights that all non-financial counterparties will become subject to the EMIR requirements for prompt exchange of derivatives confirmations. Also, it notes that these counterparties will be required to report their transaction to a central database run by a registered trade repository.