Navigating the Revised EMIR REFIT - Ensuring Compliance with UK & EU Regulations

Introduction

The revised EMIR REFIT reporting regime introduces significant changes for UK (FCA) and EU (ESMA) regulatory compliance, impacting trade reporting accuracy, backloading, and data governance.

This full-day virtual classroom session equips regulatory reporting teams with actionable insights into the new requirements, including transaction scope, counterparty classifications, critical data fields, and validation rules.

Through case studies, interactive exercises, and expert guidance, you will learn to navigate backloading challenges, avoid common reporting failures, and implement best practices for data completeness. Designed for investment firms facing EMIR REFIT regulatory requirements, this session ensures teams can align with regulatory expectations, optimise reporting workflows, and mitigate compliance risks in today’s landscape.

What You Will Learn

This live and interactive course will cover the following:

1. Introduction & Regulatory Context

• Overview of EMIR REFIT: Key UK vs. EU changes

2. Scope & Requirements

• New asset classes (crypto derivatives, sustainability-linked swaps); OTC vs. ETD reporting and lifecycle event reporting; counterparty data (LEI, SFC classification, intragroup exemptions)
• Case study: Non-EEA counterparty classification

3. Accuracy & Completeness

• Critical Data Fields (CDFs) and validation rules; common reporting errors (e.g., mismatched UTIs, timestamps); reconciliation best practices
• Exercise: Identifying errors in sample reports

4. Backloading Challenges

• Reporting open trades under new frameworks; issues: Missing UTIs, data gaps, delegated reporting
• Case study: Backloading challenges and lessons from a major bank

5. Technology & Operational Readiness

• System upgrades (ISO 20022, API integrations); vendor solutions (UnaVista, DTCC, REGIS-TR); testing with regulators (FCA/ESMA sandbox); managing data mismatches and exceptions in reporting

6. Q&A & Horizon Scanning

• Regulatory Q&A: FCA/ESMA focus areas; global compliance roadmap: MIFID III, APAC, and US updates

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.