A complete guide to ensure a smooth transition to the changes in reporting requirements brought on by EMIR REFIT both in the EU and the UK



The European Commission's regulatory fitness and performance program (REFIT) periodically reviews and enhances European legislations. In 2019, the EU's EMIR regime underwent this process, resulting in changes implemented in July of the same year.

In June 2022, the new Implementing and Regulatory Technical Standards (ITS and RTS respectively) pursuant to EMIR-REFIT were published in the Official Journal of the EU, while in the UK, the FCA published its policy statement PS23/2 in February 2023. The EU’s ITS and RTS, as well as the FCA’s Policy Statement, update the current reporting structures mandated under EU and UK EMIR to harmonise with CPMI-IOSCO Technical Guidance on the Harmonisation of critical OTC Derivatives Data Elements (other than UTI and UPI).


EMIR REFIT Primary objectives

Who is impacted by the EMIR REFIT

Financial and non-financial counterparties and central counterparties (CCPs) are subject to report under EMIR REFIT, ensuring comprehensive reporting coverage in the derivatives market.​

All counterparties and CCPs must report derivative contracts, modifications, and terminations to a trade repository.​

EMIR REFIT Key changes


 Standalone Tools for EMIR REFIT

MAP FinTech team has developed new tools to assist with the changes in reporting requirements, including the UPI Link search tool and XML Con.Vert tool.


We are a leading award-winning global regulatory technology provider, highly regarded for our proprietary reporting technology and exceptional client-centric after-sales support. As one of the first providers in Europe to report under the European Market Infrastructure Regulation, with billions of transactions reported successfully so far, we have built a reputation for excellence, coupled with the necessary regulatory expertise and technological innovation to assist firms in navigating their respective regulatory obligations.

Contact our team of experts today and achieve a smooth transition to the changes in reporting requirements brought on by EMIR REFIT.

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