As financial markets become increasingly global, regulatory compliance remains a critical concern for financial services companies worldwide. With the introduction of EMIR Refit, many firms are asking: Is it necessary to update regulatory reporting to Refit standards if operations are based outside the European Union, but a branch trades derivatives within the EU or the UK?

✅ The short answer: Yes, if you’re trading with NFC- clients based in the EU or UK
Why? Because most NFC- clients don’t have reporting infrastructure, as due to mandatory delegation, their reporting needs are taken care of by the counterparties. So if you are a financial firm serving NFC- clients in EU or UK, if your firm or EU branch of your firm offers delegated reporting services, it’s a great value add to your overall offering and you will not have to turn away EU or UK clients who want to delegate their reporting.

This means, to ensure seamless and uninterrupted trading relationships, upgrading your compliance framework to align with EMIR Refit is not just beneficial—it’s essential.

At Reg-X, we specialise in fully automating the regulatory reporting compliance process, making the transition to EMIR Refit smooth and hassle-free for financial service companies, regardless of their location. Our solutions are designed to keep you ahead of the compliance curve, ensuring that your operations remain efficient, transparent, and, most importantly, compliant with international regulations.

Are you ready to make the necessary upgrade and continue your business with EU counterparties without interruption? Let’s talk about how Reg-X can facilitate your seamless transition to EMIR Refit compliance.

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