MAS Rewrite is already behind us. Let's recognize DTCC had a much smoother start compared to EMIR REFIT, with a particularly well-managed stock migration, a key point we already mentioned in a previous post. 2024 was a very busy year with several REFIT (REgulatory FITness and Performance Program) concerning EMIR, EMIR UK and MAS. Let's focus now on 2025 which just looks as intense as this year!Several regulatory reporting changes are already planned. Some for which we already know the target date, like HKTR at the end of September or CFTC. And others which are still in the consultation phase such as FinfraG or MiFIR but for which we already anticipate major changes.

ESMA 180 calendar days transition period will end next October 26th. All the “legacy” outstanding derivatives (Meaning, reported before April 29th 2024, with the preceding EMIR regime) have to be resent to a Trade Repository, using the special EventType “Update”, to comply with the EU EMIR REFIT technical standard. If you have specific concerns or questions about the implications of this deadline, in particular if you encounter difficulties to define the right perimeter of transactions to be resent, we certainly can help you!