On 23 June 2014, the European Securities and Markets Authority (ESMA) published an updated version of its Q&A on the implementation of EMIR (the Regulation on over-the-counter (OTC) derivatives, central counterparties (CCPs) and trade repositories (TRs)) (Regulation 648/2012).

The latest Q&As provide answers to frequently asked questions mostly in relation to the population of specific fields relating to reporting of data on exposures (i.e. collateral and valuations).

The updated Q&As also cover how to report contracts with no maturity date, notional amount field, OTC derivatives novations and the issue of backloading.