EMIR/EMIR Refit Reporting

EMIR Reporting aims to improve transparency and reduce risks in derivatives markets.

EMIR Refit in 2024 will see major changes, particularly on reporting standardisation as well as a significant increase in reporting fields.

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Get on the front foot with your EMIR Refit preparations with our EMIR Refit Toolkit.

What is EMIR and EMIR Refit?

The European Market Infrastructure Regulation (EMIR) is an extensive set of requirements from the European Commission, ESMA and the UK’s Financial Conduct Authority and Bank of England. Firms trading derivatives (financial and non-financial) must report details of all financial derivatives contracts to regulators via a Trade Repository. This includes over-the-counter and exchange-traded derivatives.

29 April 2024 (Europe) and 30 September 2024 (UK) are the go-live dates for EMIR Refit, which aims to amend and simplify the current regime.  Amongst other changes, it will see the total number of reportable fields increase from 129 to 203, and reporting via XML submissions using ISO 20022 standards.  

How we can help

We have developed an EMIR Refit Toolkit to support firms with every stage of their EMIR Refit journey. You can prepare, implement and test your EMIR reporting with Kaizen before the new requirements go live in 2024. 

Alongside this, our multi-award winning ReportShield™ quality assurance suite of services is still available for periodic testing and reconciliations, or a one-off healthcheck of your reporting, providing the controls you need to be compliant with the current regime.

Accuracy Testing

The testing gold standard, providing the maximum level of protection against regulatory challenge. Learn more

Advanced Regulatory Reconciliation

Our end-to-end reconciliation service tests for the completeness of regulatory reporting. Learn more

EMIR Refit Training

Is your EMIR Reporting accurate and complete?

For a free healthcheck of your reporting or a conversation with one of our regulatory specialists, please get in touch.

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Further reading

Blogs
January 2024 – UPI and CFTC ReWrite Phase 2
Tue 17 Oct, 2023

January 2024 – UPI and CFTC ReWrite Phase 2
Read more
Guide
How to navigate UK and EU EMIR Refit reporting changes
Wed 27 Sep, 2023

How to navigate UK and EU EMIR Refit reporting changes
Read more
Guide
UPI – Unique Product Identifier Explained
Tue 1 Aug, 2023

UPI – Unique Product Identifier Explained
Read more