Following regulatory forbearance due to Covid and the resultant extensions to the implementation dates, it is time to review arrangements to comply with UMR. The number of in-scope entities will drastically increase as we near the Phase 5 & 6 dates. Entities will be subject to the rules from 1st September 2021 if the aggregate month-end average notional amount is above EUR 50 billion and from the 1st September 2022 if above EUR 8 billion. Read our article for further information.
About Eurobase International Group
Eurobase is an international software and service provider to financial institutions in over 25 countries. We provide enterprise-wide solutions for (re)insurance companies, banks and other financial institutions as well as IT recruitment services. We pride ourselves on our personal approach, ensuring we deliver the support and flexibility our customers need and the service they expect.