Research European Commodity Market Regulations - Part 1 | Page 30
European Energy Market Regulations V3.1
KDPW-TR
On 2 November, the Central Securities Depository of Poland (KDPW) launched the trade
repository service (KDPW_TR) in response to Regulation No. 648/2012 of the European
Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and
trade repositories (“EMIR”). According to Article 48.5a of the Act on Trading in Financial
Instruments of 29 July 2005 as amended by adding provisions concerning novation, the
Central Securities Depository of Poland (KDPW) may – under the rules set out in separate
rules – collect and store information concerning trade in financial instruments and
information concerning such instruments. The detailed operating rules of KDPW_TR are set
out in the Trade Repository Rules.
Applied to ESMA for Trade Repository approval
CME Group
The CME's Swap Data Repository Service already provides public data on swap transactions
and stores confidential trade and position data for regulatory purposes, in accordance with
the Dodd-Frank Act. The CFTC approved its repository service as a swap data repository
(SDR) for credit default swaps, interest rate swaps, commodities and foreign exchange asset
classes.
CME Europe's cross-asset trade repository solution is to launch on 1st January 2014 in line
with the first reporting requirements, In addition to operating for CME's global clearing and
execution facilities, it will accept non-cleared bilateral OTC and exchange trades executed
anywhere in the market.
The CME Repository Service leverages the CME ClearPort front-end, a gateway to CME
reporting and clearing post-trade services. This common point of connectivity offers
messaging efficiency and lower maintenance costs.
ICE
ICE has decided to establish ICE Trade Vault Europe Limited (ICE Trade Vault Europe) as a
Trade Repository (TR) for the reporting of derivatives trade data to meet requirements of
the European Market Infrastructure Regulation (EMIR). It plans to serve the commodities,
credit, interest rate and foreign exchange asset classes.
In June 2012, ICE Trade Vault, LLC (ICE Trade Vault US) became the first Swap Data
Repository (SDR) in the U.S. to receive provisional regulatory appro