EMIR Refit: Unique Transaction Identifiers (UTI)

Both ESMA and the FCA are placing greater emphasis on Unique Transaction Identifiers (UTI) and their consistent application between counterparties. In an effort to align the UK and EU reporting frameworks with global standards, regulators have introduced the UTI generation waterfall developed by CPMI-IOSCO into both EU and UK EMIR Refit 2024.  This aims to foster data harmonisation and ensure a more globally consistent dataset.


Reminder: Daylight Saving Time for New York Starts This Weekend

Are you reporting trades by New York (NY) time or following NY close of business? If so, it is important to check your trades/transactions are still reported at the correct time now that daylight saving time (DST) has started in the US (13 March 2022).