EMIR EU & UK Reporting (TR)

The deltaconX regulatory platform enables EMIR Reporting – European Market Infrastructure Regulation for both EU and UK firms so that your day-to-day operations are streamlined and your ability to work is optimized.

EMIR transaction reporting refers to the reporting requirements established under the European Market Infrastructure Regulation (EMIR). EMIR is a regulation adopted by the European Union (EU) in 2012 to regulate over the counter (OTC) derivatives markets and increase transparency and stability in the financial system.

The purpose of EMIR transaction reporting is to provide regulatory authorities with a comprehensive overview of derivative transactions occurring within the EU. This information helps regulators monitor systemic risks, detect market abuse, and assess the overall stability of the financial markets.

A revision to the EMIR reporting regime will be introduced for EU firms on 29th April 2024 and for UK firms on the 30th of September 2024, this is known as EMIR REFIT.

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Lower total cost of ownership

Reduce your costs with our unified SaaS platform that streamlines your processes.

What is the reporting obligation?

The reporting obligation applies to all derivative contracts, including:

Who is required to report?

Under EMIR, certain entities, such as financial institutions, investment firms, and non-financial counterparties (companies engaging in derivative transactions), are required to report details of their derivative transactions to a registered trade repository.

EMIR transaction reporting obligations are applicable to both EU and non-EU entities if they enter into derivative contracts that are subject to EMIR. Entities subject to reporting must ensure compliance with the reporting requirements, either by reporting the transactions themselves or by using a delegated third party, such as a trade repository or a reporting service provider.

For EU firms any Financial Counterparty (FC) Trading with a small Non-Financial Counterparty (NFC-) is mandated to report the relevant trade to a Registered Trade Repository, however the accuracy of what has been reported on behalf of the NFC- is still the responsibility of the NFC- classified firm.

When do reports have to be made?

T+1, the day after the trade is executed to a Trade Repository

The following Trade Repositories are currently registered with ESMA.

User-friendly compliance

A platform that helps you focus on what matters.

deltaconX provides highest flexibility by supporting multiple jurisdictions within a unified platform.

Fully Integrated EMIR Reporting

The deltaconX SaaS platform offers the capability to incorporate the EMIR Reporting requirements into our unified and standardised workflow, so that you only need to focus on the areas in need of attention.

We completely remove any confusion surrounding the requirements for EMIR Reporting compliance by ensuring that the required data is captured and provided to satisfy EMIR Reporting requirements.

Because our unified deltaconX workflow is built to focus your attention only where it’s needed, meeting the EMIR Reporting have never been easier as all the requirements are built into our platform itself.

Integrated Compliance Expertise

We help you move away from relying on external consultants or trying to maintain complex internal solutions that eat up significant amounts of time and resources, by reducing the burden of compliance.

Our platform has the combined experience from across the entire data reporting chain integrated so that you can finally eliminate the need for expensive in-house and switch to a simpler way of working with a platform that reduces manual efforts by up to 80%.

In this sense deltaconX makes it both quick and easy to make sure that everything is available to validate your EMIR Reporting without driving up the pressure on your existing resources.

Because our platform benefits from expertise from across our entire data reporting chain, we are able to proactively work on bigger shifts, changes, or even revisions to the regulations without passing the burden on to you – like the EMIR REFIT.

Evergreen Compliance is Futureproofed Compliance

As the regulatory reporting bodies start to move their focus away from data completeness towards data quality, remaining compliant will prove to become a bigger challenge over time.

Unlike other solutions deltaconX can actually provide you with the complete picture of the cost of EMIR Reporting compliance with an unprecedentedly clear TCO even as reporting compliance requirements change over time.

With deltaconX you get more than just a SaaS based solution provider, you get a long-term partner that will proactively help you reduce the burden of compliance by freeing up resources that can start focusing on your core business.