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Is Your Business Ready to Navigate the EMIR Refit Changes?

by adminBlogs August 17, 2023April 21, 2026No Comments

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 …

FCA MarketWatch 74 and Supervisory flexibility on transaction reporting

by adminBlogs August 7, 2023April 21, 2026No Comments

FCA released the MarketWatch 74 newsletter on market conduct and transaction reporting issues on 25th July. Subsequently FCA released a statement “Supervisory flexibility on transaction reporting” which included updates on a few fields which are going to create a possible divergence with the EU in future. We will only focus on RTS22 updates from Market …

EMIR Refit is expanding scope of derivatives reporting and now includes Crypto derivatives reporting.

by adminBlogs June 2, 2023May 6, 2026No Comments

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 …

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

by adminBlogs April 21, 2023May 6, 2026No Comments

Emir Refit UPI - In this blog we take a look at the newly introduced field UPI. ANNA DSB defines UPI as “UPI stands for ‘Unique Product Identifier’ and is designed to facilitate effective aggregation of over-the-counter (OTC) derivatives transaction reports on a global basis”. A Unique Product Identifier (UPI) is a unique code that …

UTI reporting changes in EMIR REFIT

by adminBlogs April 3, 2023May 6, 2026No Comments

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 reported. Under EMIR …

EMIR Refit reporting starts in April and September 2024 – what it means for companies

by adminBlogs March 22, 2023June 23, 2024No Comments

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 …

Another success story in MiFID II Back Reporting

by adminBlogs November 25, 2022May 6, 2026No Comments

We are observing a trend in the market of firms developing in-house back reporting platforms. Bespoke in house developed platform may not be the most effective solution for the back reporting problem. We believe our always-on automated secure software-as-a-service back reporting platform can solve this problem in a much more efficient and faster way. Here …

MiFID II penalties quadrupled to €8.4 million in 2020

by adminBlogs November 25, 2022June 23, 2024No Comments

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 …

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