European Market Infrastructure Regulation

Regulatory Fitness & Performance Program 鈥撎鈥淓MIR Refit"

Updated March 2024

Picture of two person walking

EMIR Overview

The European Market Infrastructure Regulation (鈥淓MIR鈥) is a European Union (鈥淓U鈥) and United Kingdom (鈥淯K鈥) Regulation that, amongst other things, sets out requirements on reporting over-the-counter (鈥淥TC鈥) derivative contracts and exchange-traded derivative contracts (鈥淓TDs鈥) to Trade Repositories (鈥淭Rs鈥) and clearing standardised OTC derivative contracts and ETDs through authorised central counterparties (鈥淐CPs鈥).

EMIR was introduced in 2012, and forms part of the EU's regulatory response to the financial crisis. The aim of the regulation was听to increase transparency and reduce systematic risk in OTC derivative and ETD markets, as well as establishing robust business conduct standards for both CCPs and TRs.

Picture of timeline