On 28 May 2019, EMIR Refit, the Regulation (EU) 2019/834 of 20 May 2019 amending Regulation (EU) 648/2012, was published in the Official Journal of the European Union. The date of entry into force is 17 June 2019. The following contains a summary of the key changes, the aim of which is to eliminate disproportionate costs and burdens on smaller counterparties to derivative contracts and to simplify the rules, however without changing the substance of EMIR.
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