Onshore: Difference between revisions
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imported>Doug Williamson (Add quote. Source: UK EMIR page.) |
imported>Doug Williamson (Add link.) |
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* [[Clearing]] | * [[Clearing]] | ||
* [[European Union]] | * [[European Union]] | ||
* [[Financial Conduct Authority]] | |||
* [[Financial Services Act 2021]] | * [[Financial Services Act 2021]] | ||
* [[Law]] | * [[Law]] | ||
Revision as of 00:02, 26 June 2021
1. Currency assets - adjective.
The siting of a currency asset in the country of which the currency is the domestic currency.
Contrasted with 'offshore'.
2. Regulation & law - European Union - Brexit - verb.
To transfer the provisions of relevant EU regulations and law, into domestic regulation and law.
For example, the European Market Infrastructure Regulation (EMIR).
- Onshoring EMIR to the UK
- "The European Market Infrastructure Regulation (EMIR) has been onshored into UK legislation via a number of statutory instruments (SIs) and Binding Technical Standards (BTS).
- A list of UK EMIR onshoring legislation can be found on the UK EMIR library page...
- The onshored UK EMIR REFIT also brings into UK legislation amendments to UK EMIR that make the regime more proportionate for certain firms."
- UK EMIR - Financial Conduct Authority
- Onshored EMIR updated
- "[The Financial Services Act 2021] contains technical updates amending the onshored version of EMIR to improve access to clearing services, especially for smaller firms."
- Allen & Overy - 2021.
