There’s less than one year until EMIR Refit implementation
There is now just less than a year until the implementation date for the much-anticipated changes to the European Markets Infrastructure Regulation (EMIR).
The amendments, which are set to go live on April 29 2024, represent an important landmark in establishing a more globally harmonized approach to trade reporting. The time before the EMIR Refit go-live should be used wisely by all reporting participants under EMIR to prepare for this significant change in reporting requirements.
Now it is the time to make a final decision on how to report under EMIR REFIT. Will the reporting be delegated, or will the technology be bought from market providers? Companies should start planning testing and determining employee allocation to gain the required regulatory or technology knowledge.
SimCorp enables customers to automate EMIR Refit regulatory reporting obligations and processes leading to complete, accurate, and timely reporting through a single vendor. Our team of experts can help you understand the impact of EMIR REFIT and how to prepare for the significant challenges ahead.