Trésorier/Treasurer magazine - N°88 - Jan/Fev/Mar 2015 - (Page 56)
LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE
-
N°88
- JAN
/ FEB / MAR 2015
NEWS
56
- EMIR
implementation
for corporates:
to improve the
accounting
for financial
instruments
EACT (European Association of Corporate Treasurers)
has sent in October 2014 a letter to Steven Maijoor,
Chairman of ESMA (European Securities and Markets
Authorities) in order to underline couple of issues
corporate treasurers faced with Trade Repositories'
(TR) new requirements.
For several years, Non-Financial Companies (NFC's)
have provided strong efforts and committed important resources towards IT developments to achieve
implementing the reporting obligation under Regulation (EC) no. 648/2012 dated 4 July 2012 (European
Markets Infrastructure Regulation) (commonly
referred to as "EMIR"). End of September 2014, treasurers were surprised and disappointed to find out
that ESMA has requested from trade repositories to
add data validation requirements which will compel
corporations to perform significant changes on their
IT systems at short notice. EACT wrote to raise ESMA
attention on the difficulties that corporates still are
facing when implementing the new changes to the
reporting files requested by the TR's. It was noted
that these difficulties could prevent or prevented
many of them from meeting the 1st of December
2014 deadline. The main issue here relates to the
TRs' communication, which required compulsory
amendments to the reporting files to be implemented by the 1st of December: 30 fields out of 80 had
to be modified, necessity to agree on a new process
for providing UTI, empty fields ... It was also stressed
that the ESMA's EMIR Q&A on these matters was
only published last Friday, 24 October 2014. Files not
updated by 1st December were not uploaded on the
TR platforms, which effectively mean creating an
immediate breach of compliance with EMIR's reporting obligation. EACT therefore strongly and kindly
requested that ESMA supports an extended transitory period, which could enable these changes to be
implemented in a reasonable and practicable way.
ESMA had to be made aware of these difficulties and
had an opportunity to help clear them, in particular
by interacting with the TRs, to the maximum extent
possible. We will keep our readers informed about
future developments and the coming "EMIR2".
François Masquelier
Chairman of ATEL
Table des matières de la publication Trésorier/Treasurer magazine - N°88 - Jan/Fev/Mar 2015
Cover
Table of contents
EDITORIAL
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW From Legal Entity Management to Bank Account Management - LVMH case study
FOCUS
Treasurers, do you have any BEPS?
Reguvolution
7 Ways to impress your CFO boss starting now
FORUM
How to do more with less
Repo made easy
Comment combiner rendement, liquidité et gestion des risques pour sa trésorerie : l'exemple français
Les stratégies d'Alpha, à la rescousse d'un environnement de taux faibles
CORPORATE FINANCE
The benefits of collateral for the corporate treasurer
Les états financiers dans le cadre d'EMIR - que réserve l'avenir?
VAT changes as from 2015: new reimbursement procedure of VAT credit
Investissement des entreprises - une nouvelle ère pour la trésorerie
15 MINUTES AVEC USG Finance Professionals
THE RISK OBSERVATORY
NEWS
LIFE BEYOND NUMBERS
Trésorier/Treasurer magazine - N°88 - Jan/Fev/Mar 2015
https://www.nxtbook.fr/newpress/atel/99-4T2017
https://www.nxtbook.fr/newpress/atel/98-3T2017
https://www.nxtbook.fr/newpress/atel/97-2T2017
https://www.nxtbook.fr/newpress/atel/96-1T2017
https://www.nxtbook.fr/newpress/atel/95-4T2016
https://www.nxtbook.fr/newpress/atel/94-3T2016
https://www.nxtbook.fr/newpress/atel/93-2T2016
https://www.nxtbook.fr/newpress/atel/le-magazine-du-tresorier/92-1T2016
https://www.nxtbook.fr/newpress/atel/le-magazine-du-tresorier/91-4T2015
https://www.nxtbook.fr/newpress/atel/le-magazine-du-tresorier/90-3T2015
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/89-2T2015
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/88-1T2015
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/87-4T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/86-3T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/85-2T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/84-1T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/83-4T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/82-3T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/81-2T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/80-1T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/79-3T2012
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/78-2T2012
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/77-1T2012
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/76-4T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/75-3T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/74-2T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/73-1T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/72-4T2010
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/71-3T2010
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/70-2T2010
https://www.nxtbook.com/newpress/atel/le_magazine_du_tresorier-69-1T2010
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-68-4T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-67-3T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-66-2T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-65-1T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-63-3T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-64-4T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-62-2T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-61-1T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-60-4T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-59-3T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-58-2T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-57-1T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-56-4T2006
https://www.nxtbookmedia.com