Any company in Europe that is undertaking derivative transactions will be affected and be subject, for example, to an obligation to report its transactions to a central “trade repository”. In a manner of speaking all companies will find themselves, perhaps for the first time, brought within the ambit of their local financial regulator.
The ACT has revised and republished its briefing note to help non-financial companies understand the specific implications for them. In particular all derivatives outstanding on 16 August 2012 and executed since then will eventually have to be reported so the need for good record keeping procedures and data capture is already upon us.
ACT webinars on derivative regulation and reporting are available here
