European Market Infrastructure Regulation

The European Market Infrastructure Regulation (EMIR) is an EU regulation aimed at reducing systemic counterparty and operational risk and thereby preventing future financial system collapses. Its focus is regulation of over-the-counter (OTC) derivatives, central counterparties and trade repositories. It provides steer on reporting of derivative contracts, implementation of risk management standards and common rules for central counterparties and trade repositories.

The regulation was initially adopted in 2012 and an amended version, the EMIR Refit regulation, was later on adopted in 2019.