Category: Blogs

Streamlining Derivatives Reporting EMIR Refit, the European Market Infrastructure Regulation Regulatory fitness update, has brought about substantial alterations to the regulatory landscape governing derivatives trading within the European Union. These changes aim to enhance EMIR’s efficiency but introduce unique challenges for market participants and regulatory bodies. To successfully overcome these challenges, a comprehensive approach is …

Read more “EMIR Refit Reporting Software”

The financial landscape’s regulatory terrain remains intricate and ever-evolving. The Financial Conduct Authority (FCA) continues its vigilance against common transaction reporting errors through its latest newsletter, Market Watch 74. This edition stands out not only for addressing known issues but also for shedding light on previously unexplored concerns, offering a comprehensive guide to compliance. Market …

Read more “Navigating Regulatory Challenges: FCA’s Market Watch”

With the impending changes brought about by the EMIR Refit, it’s essential for businesses to assess their readiness and take proactive steps to ensure compliance. The European Market Infrastructure Regulation (EMIR) Refit introduces significant modifications that can impact various aspects of your operations. To safeguard your business and successfully navigate this regulatory evolution, consider the …

Read more “Is Your Business Ready to Navigate the EMIR Refit Changes?”

Read more "FCA MarketWatch 74 and Supervisory flexibility on transaction reporting"

ESMA has provided guidelines on reporting of derivatives on crypto-assets as part of EMIR Refit guidelines so it is now clear that crypto derivatives are required to be reported removing any ambiguity. A new field is introduced by the regulator to identify such derivatives. Scope of reporting is expanded to only those derivatives on crypto-assets …

Read more “EMIR Refit is expanding scope of derivatives reporting and now includes Crypto derivatives reporting.”

Read more "Getting ready for EMIR REFIT (UPI) – Unique Product Identifier (UPI)"

Emir Refit – UTI stands for Unique Trade Identifier, which is a unique identifier assigned to a trade in order to report trade data to trade repositories. The UTI is a critical component of the trade reporting process under EMIR REFIT, as it helps ensure the accuracy and integrity of the trade data that is …

Read more “UTI reporting changes in EMIR REFIT”

The European Market Infrastructure Regulation (EMIR) Refit go-live dates have been annou   nced for the EU and the UK. EMIR trade reporting obliges all companies engaged in over-the-counter (OTC) and exchange-traded (ETD) derivatives trading to report the trades and valuations to a repository. The regulation applies in the European Union (EU-EMIR) and the United Kingdom …

Read more “EMIR Refit reporting starts in April and September 2024 – what it means for companies”

Read more "Another success story in MiFID II Back Reporting"

ESMA’s latest report reveals a substantial surge in penalties and corrective actions linked to MiFID II non-compliance across Europe in 2020 when compared to the previous year. Here are some key findings from the report: Quadrupled Sanctions: The number of sanctions and remedial actions, as imposed by national competent authorities (NCAs) across Europe, experienced a …

Read more “MiFID II penalties quadrupled to €8.4 million in 2020”