EMIR REFIT ramp-up

Countdown to compliance: EMIR REFIT rollout starts April 29, 2024

EMIR REFIT, or the European Market Infrastructure Regulation Regulatory Fitness and Performance program, will be fully applicable as of April 29, 2024. It endeavors to bolster the effectiveness of the current EMIR framework.

It does so by prioritizing improvements in transparency, standardization, and data quality across derivatives markets. This initiative aims to tackle various challenges, including the disproportionate costs associated with compliance, deficiencies in data supervision, and concerns regarding data accessibility.

EMIR REFIT seeks to ensure coherence and alignment with regulatory regimes and jurisdictions worldwide, fostering a more harmonized and efficient global derivatives market.