June 2019

Following the European Commission's initial review of the European Market Infrastructure Regulation ("EMIR"), the EU legislators have agreed on certain amendments to EMIR (commonly referred to as EMIR Refit). EMIR Refit will enter into force on June 17, 2019, and is expected to have a positive impact on smaller counterparties and relaxes some of the current EMIR obligations. This newsflash summarizes certain key points of EMIR Refit and discusses what these changes mean for Swiss counterparties.