EMIR REFIT is published

13.06.2019

Note: This announcement, originally published on 28 May 2019, has been updated with a clarification on REGIS-TR's impact analysis.

The EU Official Journal has published Regulation (EU) 2019/834 (“EMIR REFIT”) on 28 May 2019, to enter into force on 17 June 2019. EMIR REFIT sets out several changes to the reporting under Regulation (EU) No 648/2012 (“EMIR”). REGIS-TR has analysed the changes and determined that, while some reporting firms can be affected by EMIR REFIT with respect to how trades are reported and by whom, there is no immediate system change foreseen for REGIS-TR itself.

The changes include new regulatory technical standards for reporting that ESMA shall publish by 17 June 2020. Related draft documentation and candidate ISO 20022 securities message definitions were published on 17 May 2019 on the ISO website.

For questions on how EMIR Refit applies in specific cases, please refer to the applicable National Competent Authority. At REGIS-TR we are committed to support our clients with their regulatory reporting duties. For further information, you may contact our client services support.