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13. EMIR REFIT Retrospective: Insider Tips from the EU Go Live to Master the UK Rollout

With the EU go live (29 April 2024) safely behind us and the UK go live (30 September 2024) just months away, this retrospective distils what worked, what did not and what UK firms (and UK branches of EU groups) should do differently.

/ Summary

We share what went well, including advance planning, control box configuration, data accuracy and sourcing, and ISO 20022 readiness, and the genuine challenges we saw around UPIs, TR testing, software deployment and legacy transition data. The session then pivots to a UK readiness checklist covering data cleansing, mock submissions, gap analysis, ISO 20022 schema upgrades, end to end TR and NCA testing and staff training, with detailed reference to our Differential Analysis white paper isolating the one new field, six minor changes, 186 unchanged and zero removed. The fastest way to absorb the EU's hard won lessons.

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