Central Bank statement on European Market Infrastructure Regulation (EMIR)
Thursday 30 August 2018: As trustees of occupational pension schemes and trust RACs will be aware, the EMIR regulation of 2014 introduced requirements on parties transacting in OTC derivatives, aimed at reducing the risks associated with those markets.
The Central Bank, as the competent authority in respect of EMIR, has released a statement as regards a proposed amendment to EMIR. The Central Bank’s statement can found here.
Note to Editors
The Pensions Authority
The Pensions Authority (the “Authority”) is the statutory body established by the Pensions Act 1990 (the “Act”) to regulate occupational pension schemes, trust based RACs and Personal Retirement Savings Accounts (PRSAs) and to advise the Minister for Employment Affairs and Social Protection on overall pension policy development. See www.pensionsauthority.ie