EMIR Refit software: The best solutions for your compliance needs
The European Market Infrastructure Regulation ( EMIR) Refit is a major overhaul of the rules governing the reporting of derivatives trades. The new regulations, which go into effect on April 29, 2024, introduce several significant changes, including: · New reportable fields : The number of reportable fields is increasing from 35 to 124. · New data formats : The data formats for reporting to trade repositories (TRs) are changing. · New reconciliation requirements : Firms will need to reconcile their trade data with the data reported to TRs more frequently. These changes will require firms to implement new systems and processes to comply with the EMIR Refit. EMIR Refit software can help firms achieve compliance by automating the reporting process and providing real-time visibility into their trade data. What to look ...