knowledge | 23 April 2019

Update on the EMIR Refit Process

The final text of the proposed amendments to EMIR, referred to as EMIR 2.1, was approved by the European Parliament on Thursday, 18 April 2019, with approval by the Council of the European Union and publication in the Official Journal anticipated to occur shortly. It is, therefore, essential for in scope entities (including those anticipated to be brought in scope by the amendments) to take now the measures necessary to ensure that they can comply with EMIR 2.1 from the day the EMIR 2.1 amendments enter into force.

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This briefing is for general guidance only and should not be regarded as a substitute for professional advice. Such advice should always be taken before acting on any of the matters discussed.

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