Regulatory AlertsChanges to UK EMIR reporting requirements: final rules and guidance
The Financial Conduct Authority and the Bank of England have issued final rules amending UK EMIR derivatives reporting requirements to align with international CPMI-IOSCO standards. These changes mandate standardized XML schemas, introduce new reportable fields such as the Execution Agent, and establish stricter procedures for Trade Repository registration and data reconciliation. The requirements are scheduled to take effect on 30 September 2024, with a six-month transition period for counterparties to update their reporting systems.
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