Introduction
The European Market Infrastructure Regulation (EMIR) has been a cornerstone of financial stability in the derivatives market since its inception. As the financial landscape evolves, so too does the regulatory framework.
The European Commission published its proposals for a package of amendments to both EMIR Regulation [1] and the Directive [2] (known as EMIR 3.0) relating to the European Market Infrastructure Regulation (EMIR) (Regulation (EU) No 648/2012) in December 2022. The proposals entered the EU’s ordinary legislative procedure and, in December 2023, where on 7 February 2024, the Council and the Parliament announced that provisional political agreement had been reached.