Tag: EMIR

The recent separation of the UK from the EU has set the stage for regulatory divergence between the two jurisdictions.

From the 24th April 2024, the financial markets will experience a significant shift with the application of the revised EMIR Refit (regulatory fitness and performance programme) rules, an integral component of the European Commission's “Better Regulation” agenda.

Transaction reporting is a necessary requirement for countless regulations, and yet Novatus Advisory co-founder Matthew Ranson believes many firms are getting this process wrong, and they might not even be aware of it.

As deadlines for implementing EMIR reporting changes near for the EU (set for April 29, 2024) and the UK (scheduled for September 30, 2024), grasping the nuances of these revised requirements becomes paramount.

Firms facing transaction reporting obligations often find themselves navigating multiple regulatory regimes such as MiFID II, EMIR, Dodd Frank, and ASIC. Despite awareness of their duties, many aren't doing enough to meet the stringent regulatory standards.

Earlier this year, the European Securities and Markets Authority (ESMA) published the final reporting validations for EMIR REFIT for European-based firms.

MAP FinTech recently took the opportunity to explain the increased data quality reconciliation requirement that is coming on under EMIR REFIT.

As the clock ticks down to the adoption of the revised EMIR reporting standards in the EU (April 29, 2024) and the UK (September 30, 2024), understanding and complying with these expanded obligations is crucial.

Fund Recs, a no-code platform to manage data connectivity, will help Ireland’s The Asset Management Exchange (AMX) automate EMIR reconciliations as part of a new partnership.

A survey conducted by IHS Markit and Pirum has found over 70% of regulatory respondents plan to consolidate their diverse reporting processes under a single platform.