Final agreement still needed and then the Regulation will come into force
UPDATE 30 March 2012: The European Parliament has now formally adopted the text of the European Market Infrastructure Regulation – see this post, which also summarises when EMIR will be implemented.
On 9 February 2012 the European Parliament and Council reached a provisional agreement on the text of the European Market Infrastructure Regulation (EMIR). The agreement still needs to be ratified by the Parliament and Council.
On the same day the European Commission published a set of FAQs on the EMIR.
Hedge Fund Review has a good overview of the remaining legislative steps for the EMIR here.
See also: What is the EMIR?
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