Customers of MUFG Bank (Europe) who deal in derivatives are subject to regulatory requirements imposed by the European Market Infrastructure Regulation ("EMIR") and any delegated or implementing acts made under that regulation.

On 17 June 2019, EMIR Refit introduced various changes, including (i) a new category of “Small Financial Counterparty" that is not subject to the clearing obligation, (ii) amendments to the way the clearing threshold is calculated for Non-Financial Counterparties in respect of asset classes and (iii) reclassification of all EU Alternative Investment Funds as Financial Counterparties.

Details of EMIR are set out in Schedule 3 of the Terms of Business relating to Investment Services to Professional Clients and Eligible Counterparties.

For further information, please refer to the Legal and Regulatory section.

Download the 2022 MBE Regulatory EMIR Notification to Counterparties