UK firms warned over errors in derivatives reporting under EMIR
( September 30, 2025, 16:01 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has warned counterparties with derivatives reporting obligations under the European Market Infrastructure Regulation that they must comply with the Refit regime. UK EMIR Refit, which was introduced a year ago, aims to make derivatives reporting more transparent and improve the quality of data that firms report to trade repositories. The FCA said in its Market Watch newsletter that the main drivers for the problems around compliance are inadequate resource planning and dependence on external vendors. The authority added that it would work closely with industry “to support more accurate and complete reporting.”Statement is attached....
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