On August 21, 2014, the Financial Conduct Authority (“FCA”) published the outcome of its second review into how the industry has dealt with the derivatives reporting obligation under the European Market Infrastructure Regulation. The FCA found that most firms had begun reporting on February 12, 2014 but that there were still some issues with the quality of reports as well as a degree of uncertainty about reporting.

The FCA review is available at: http://www.fca.org.uk/firms/markets/international-markets/emir/implementation-reviews/is-the-industry-ready.