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FCA examines UK EMIR Refit compliance

Montage with the FCA logo and a street sign.
GRIP Montage: FCA/Getty Images

Inadequate resource planning and dependence on external vendors highlighted in Market Watch 84 as key challenges for firms one year after the implementation of the new regime.

The new UK European Market Infrastructure Regulation (EMIR) reporting regime was introduced in September 2024. The regulatory intent was to:

  • make derivative reporting more transparent;
  • improve the quality of data reported to trade repositories; and
  • align UK derivatives reporting with international norms.

One year on, the FCA is sharing its observations