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02. EMIR Refit: The Implementation Process, Best Practice and Pitfalls

This early cycle implementation deep dive walks you through what an EMIR Refit programme actually looks like, from scope and gap analysis through to build, testing and business as usual, while showing you where most firms run into trouble.

/ Summary

We share a practitioner ready five pillar checklist covering regulatory understanding, planning, data quality, communication and ongoing assurance. We explore the new UTI generating entity logic and the rewrite's most consequential scope changes, including event type reporting, position versus trade level, PTRR, packages, options, and collateral with pre and post haircut. We also contrast internal, delegated and direct submission models on control, security and resource demand. You will come away with a defensible project plan, a clear view of where effort savings of between 50% and 80% are realistic, and the confidence to size, sequence and resource your own programme.

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