On 28 May 2019, there was published in the Official Journal of the EU (OJ) Regulation (EU) 2019/834 amending EMIR as regards the clearing obligation, the suspension of the clearing obligation, the reporting requirements, the risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty, the registration and supervision of trade repositories and the requirements for trade repositories (EMIR Refit Regulation). The Council of the EU adopted EMIR Refit on 14 May 2019 (our blog is here).

The majority of provisions within the EMIR Refit Regulation will enter into force on 17 June 2019 (20 days following its publication in the OJ). A small number of provisions set out in Article 2 enter into force on: 18 December 2019; 18 June 2020; and 18 June 2021.