EMIR Reporting

EMIR Reporting aims to improve transparency and reduce risks in derivatives markets.

EMIR Refit in 2024 will see major changes, particularly on reporting standardisation as well as a significant increase in reporting fields.

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What are the requirements of EMIR? Kaizen's Tim Hartley explains.

What is EMIR?

The European Market Infrastructure Regulation (EMIR) is an extensive set of requirements from the European Commission, ESMA and the UK’s Financial Conduct Authority and Bank of England. 

Firms trading derivatives (financial and non-financial) must report details of all financial derivatives contracts to regulators via a Trade Repository. This includes over-the-counter and exchange-traded derivatives.

29 April 2024 (Europe) and 30 September 2024 (UK) are the go-live dates for EMIR Refit, which aims to amend and simplify the current regime.  Amongst other changes, it will see the total number of reportable fields increase from 129 to 203, and reporting via XML submissions using ISO 20022 standards.  

How we can help

Our ReportShield™ quality assurance services provide the controls you need to be compliant with EMIR Reporting. This includes Accuracy Testing of all EMIR contracts at the Trade Repository, and checking that all delegated reporting has been reported accurately and completely.  We can also provide expertise in a range of areas including remediation of inaccurate EMIR reports.

Accuracy Testing

The testing gold standard, providing the maximum level of protection against regulatory challenge. Learn more

Advanced Regulatory Reconciliation

Our end-to-end reconciliation service tests for the completeness of regulatory reporting. Learn more

Control Framework

Together with data quality, a robust control framework is a key expectation of regulators. Learn more

EMIR Training

Training is an integral part of the systems and controls required for accurate reporting. Learn more

EMIR Refit Training

Is your EMIR Reporting accurate and complete?

For a free healthcheck of your reporting or a conversation with one of our regulatory specialists, please get in touch.

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Further reading

Blogs
EMIR Refit 2024 – Five key changes every EEA & UK company should know
Tue 17 Jan, 2023

EMIR Refit 2024 – Five key changes every EEA & UK company should know
Read more
Blogs
Collateral Reporting – Past, Present and Future
Fri 12 Aug, 2022

Collateral Reporting – Past, Present and Future
Read more
Blogs
ESMA’s Data Quality report (EMIR) – five critical takeaways
Tue 19 Apr, 2022

ESMA’s Data Quality report (EMIR) – five critical takeaways
Read more