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Minimum set of information to be kept on financial contracts

01/01/2017

The European Commission's Delegated Regulation (EU) 2016/1712 supplementing Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms was published in the Official Journal of the European Union on 24 September 2016.

The European Commission's Delegated Regulation (EU) 2016/1712 supplementing Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms was published in the Official Journal of the European Union on 24 September 2016. These regulatory technical standards specify the minimum set of the information on financial contracts that should be contained in the detailed records and the circumstances in which this requirement should be imposed. The list includes 43 fields divided into 4 sections or subsections (Parties to the financial contract, type of financial contract, details of the transaction, Clearing).