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ARTICLE · 11 AUGUST 2023

New Trade Reporting Requirements For Derivatives Transactions

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Following a protracted consultation process, each of the EU and the UK has now finalised its revised requirements for trade reporting under EMIR following the revision of EMIR in 2019.

United KingdomFinance and Banking
Jonathan Gilmour
Jonathan Gilmour
Peter Hughes
Peter Hughes
Joseph Wren
Joseph Wren
Anne Tanney
Anne Tanney
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Following a protracted consultation process, each of the EU and the UK has now finalised its revised requirements for trade reporting under the European Markets Infrastructure Regulation ("EMIR") following the revision of EMIR in 2019 ("EMIR Refit").

Who needs to read this briefing?

All EU or UK users of derivatives will be impacted by these new trade reporting requirements.

What do I need to do now?

Derivatives users will need to address certain operational changes to ensure that they have the correct systems and processes in place, either directly (where they report to a trade repository) or indirectly (by seeking confirmation from their counterparties or reporting delegates that the necessary changes have, or will be, made).

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