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ARTICLE · 01 FEBRUARY 2024

EMIR Refit Soon To Go Live

Arendt & Medernach
Arendt & Medernach
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Arendt & Medernach

Arendt & Medernach

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Ten years after the entry into force of the EMIR reporting obligation, national competent authorities (NCAs) across the EU still rate the overall quality of the EMIR transaction reports as poor.

LuxembourgFinance and Banking
Henning Schwabe
Henning Schwabe
Daniel Petsch
Daniel Petsch
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Ten years after the entry into force of the EMIR reporting obligation, national competent authorities (NCAs) across the EU still rate the overall quality of the EMIR transaction reports as poor. It is for this reason that it was decided to adjust the related legal framework through a framework reform, which is known as EMIR Refit. While the scope of the reporting obligation has already been subject to modifications in the past, EMIR Refit constitutes the greatest change to the EMIR reporting framework since its inception, as all concerned market participants will now face stricter rules.

See below for a short recap of the upcoming changes under the EMIR Refit regime and the risks of non-compliance.

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