The European Commission published frequently asked questions (FAQs) on 14 November 2012, on the Regulation on OTC derivatives, central counterparties (CCPs) and trade repositories (EMIR) (Regulation 648/2012). The FAQs deal with;
The timing for EMIR's obligations to take effect. The scope of EMIR.
The position of third country CCPs and trade repositories.
The FAQs will be updated as necessary and interested parties can submit further questions.