Update on European Commission's EMIR REFIT proposal as trilogue discussions approach

The European Commission has proposed various amendments to EMIR, as part of its Regulatory Fitness and Performance (REFIT) Programme, with a view to making some of its requirements simpler and more proportionate, particularly for non-financial counterparties (NFCs).

With this proposal now moving towards trilogue discussions among the Commission, Council and Parliament, we highlight in this note some of the key changes to EMIR proposed by the Commission, as well as the responses of the Council and Parliament.

View an outline of the key changes proposed to EMIR in this note.