EMIR UK EMIR FinfraG SFTR Regulatory Reporting UK EMIR UK EMIR Post-Brexit, REGIS-TR UK LTD continue to support UK domiciled clients in their EMIR reporting obligations. The UK European Market Infrastructure Regulation (UK EMIR) on derivatives, central counterparties and trade repositories imposes requirements to improve transparency and reduce the risks associated with the derivatives market. REGIS-TR UK LTD was incorporated on 11 March 2019 to maintain a continuous reporting stream for UK clients. We have also maintained our existing EU TR status to provide reporting services to firms in the EU-27. Our Relationship Managers can help you with further details in relation to the onboarding process, including: Technical specifications Legal and pricing information Access to free testing environment Get in Touch Authorised by the FCA Flexible Account Models Our account model is flexible and adaptable to your specific reporting requirements Competitively Priced Access to completely transparent fee schedules and tailored cost illustrations FAQ What is UK EMIR? Due to Brexit, EMIR was onshored as UK EMIR under the European Union (Withdrawal) Act 2018. UK EMIR is the UK leg of the The European Market Infrastructure Regulation. Reporting flows of UK EMIR are separate from the EU 27 flows of EMIR. Who has a reporting obligation under UK EMIR? Under UK EMIR, all UK counterparties to all derivatives transactions are required to report. Examples of companies that need to report include: Financial Counterparties (FC) such as investment firms, fund managers, banks, insurance companies etc; Non-Financial Counterparties (NFC) - entities that are not qualified as a financial counterparty and those not involved in financial services; and Central Counterparties and Clearing Members. Foreign Alternative Investment Fund registered under the UK Alternative Investment Fund Managers Directive (UK AIFMD). Branches of EEA and third county companies established in the UK I am a branch of a UK company established in the EEA, do I have to report under UK EMIR? No, UK branches established in the EEA or other third country are not required to report under UK EMIR. What data must be reported? All derivatives contracts and related lifecycle events must be reported to a trade repository authorised by the FCA following the UK EMIR vaidation rules. The information the needs to be reported includes: Counterparty data: This section is comprised of information related to the counterparties, other parties to the contract, valuation and collateral information. It addresses reportable fields like reporting counterparty, other counterparty, clearing member, broker id, value of the contract, valuation type, collateralisation, collateral portfolio and margin related information. Common data: this section is comprised of the common information reportable by both counterparties (e.g.: contract information, transaction details, clearing information). It addresses reportable fields like contract type, asset class, product classification, product identification, notional amount, effective date, etc. When do reports have to be made? Reports are required to be submitted to a registered TR no later than one working day after the trade has been made (T+1). Will there be a UK EMIR REFIT? Yes, the implementation of REFIT also impacts UK EMIR regulation as described by the FCA. To keep updated pleasse refer to https://www.fca.org.uk/markets/uk-emir.