Are you a UK Investment Manager that trades derivatives?
If so, the FCA have pushed ahead with the implementation of the UK EMIR Refit with the five key changes:
- Reportable Field increase of from 129 to 203
- Reporting via XML
- Intra-TR Reconciliation output
- Unique Product Identifier centralised standard
- Unique Trade Identifier prescribed waterfall methodology
Post-Brexit the FCA still expect Investment Managers to comply. Whilst the FCA has extended the usual 12 month implementation timeframe to 18 months there is still lots to do in 2022 and 2023 to ensure compliance.
ISC has extensive experience with EMIR and is ready to assist you with your implementation of the UK EMIR Refit, please get in touch if you would like to discuss how we help ensure you meet the regulatory deadline.