The trade repository has been providing UK services since the first business day after Brexit on 4 Jan 2021.
The trade repository failed to ensure data integrity and provide access to regulators.
This was the first time ESMA found breaches in confidentiality and integrity of EMIR data.
A briefing paper supports alignment of the clearing obligation under the EMIR and MiFID II.
The regulator published its final report on EMIR and SFTR data quality.
The agreement covers US derivatives clearing organizations recognized under EMIR.
By introducing a time limit, the EU is keeping some leverage over the UK.
The joint guidelines aim to facilitate greater standardization in how firms complete certain data fields.
ESMA finds two NCAs lagged behind in integrating Emir data quality controls.