Linklaters has advised NASDAQ OMX Clearing AB on its re-authorisation as a central counterparty (CCP) under the EMIR regulation 648/2012 on OTC derivatives, central counterparties and trade repositories.  It is the first CCP to have been authorised under EMIR and is one of the key stepping stones to the introduction of mandatory clearing of derivatives in the EU.

The Linklaters team was led by Harry Eddis and Michael Voisin, supported by Aditya Bandyopadhyay, Seb Barling, Lily Chan, Tin Yan Koo, Rachel Knipe and Rhian Parker in London and Per Nyberg, supported by Ida Nordenstrom in Sweden.

The team advised on the contents of the application, including whether the Rulebook was EMIR compliant and making relevant amendments, assisting in the creation of an EMIR-compliant individual segregated account structure and providing Swedish law and other relevant legal opinions.