How to Reconcile When Trades are Reported Using the Compression Method

EMIR transaction reporting rules allow reporting entities to delegate their reporting obligations to a third party, however, the firm still remains ultimately responsible for ensuring the details of their transactions are reported correctly and accurately under Art 9(1) of EMIR.


How Do Public Holidays and Bank Holidays Impact Trade Reporting?

Public holidays and bank holidays can have a major impact on trade and transaction reporting requirements; especially if you are an entity operating under multiple regimes.  

When there is a public holiday where the regulatory body (or regulated entity) is located, it is likely that the timing of report submissions will be extended commensurately.


What is an NFC-?

Entering into derivative transactions, you become a ‘counterparty’.
EMIR introduces two types of counterparties: Financial Counterparties (FC) or Non-Financial Counterparties (NFC).


Refit, Rewrite, RTS, EMIR II; Navigating the Maze of EMIR Version Names

Regulatory reporting is hard enough without the confusion over which version of each regime is the latest. EMIR has gone through a number of variations since it was first implemented in 2012. We thought it would be a great time to outline what the EMIR version names relate to and where we are currently at as we anticipate further changes to the regime.

EMIR Refit

EU EMIR Refit Starts 29 April 2024 – Top 6 Changes That You Need to Know

As anticipated, the new EU EMIR Refit rules have been passed by the European Parliament and require revised reporting to begin on 29 April 2024.  This revision is meant to align EU EMIR with global standards and improve data quality, as such there have been major changes introduced.