European Market Infrastructure Regulation
Portfolio Reconciliation and Disputes Resolution
All firms subject to EMIR will be required to regularly submit their portfolios of uncleared derivatives for portfolio reconciliation.
All firms will also need to have in place dispute resolution procedures and report any unresolved disputes lasting more than 15 days and over EUR 15m to their local competent authority.
This requirement came into force on September 15, 2013.
EMIR Portfolio Reconciliation & Dispute Resolution Valuation Disclosure Statement