EMIR Refit
EMIR Refit reporting OTC harmonised with CFTC.
Definition
EMIR Refit applicable 29 April 2024 EU (29 Sept 2024 UK). Transition to 203 fields (vs 129 before) in ISO 20022 auth.030 + auth.108 format. Critical Data Elements (CDE) aligned with CPMI-IOSCO. UTI (Unique Transaction Identifier) based on LEI buyer + LEI seller + suffix. UPI (Unique Product Identifier) based on ANNA-DSB. TRs: DTCC GTR, REGIS-TR, UnaVista, KDPW, NEX Abide.
Origin
ESMA + Commission, RTS 2022/1855 + ITS 2022/1860 published Sept 2022, applicable 29 April 2024 EU.
Usage
Mandatory for any EU FC (Financial Counterparty) or NFC+ (Non-Financial Counterparty Plus).