EMIR REFIT – Evolution of the reporting to Trade Repositories
The texts introducing changes in reporting to the Trade Repositories were published in the EU OJ on 7 October 2022, specifying a date for the revision of the reporting to regulators: 29 April 2024.
The package of 6 texts consists of:
3 texts on trade repositories, regarding their application for registration or extension, as well as the access procedure to derivatives and technical and operational provision details;
1 text specifying the data reconciliation procedures between TRs and the procedures to be applied by the Trade Repositories to verify the reporting counterparty’s compliance with the reporting requirements and to verify the comprehensiveness and accuracy of the reported data;
2 texts on the declaration itself: minimum details of the data to be reported to the TRs and the type of reports to be used, standards, formats, frequency and methods and reporting modalities.