As part of the implementation of EMIR, the European Commission has adopted a Delegated Regulation amending Delegated Regulation 148/2013 supplementing EMIR dealing with regulatory technical standards (RTS) on the minimum details of the data to be reported to trade repositories. Under EMIR, counterparties and central counterparties are required to report the details of any OTC derivative contract they have concluded and of any modification or termination of the contract to a trade repository. The revised RTS is intended to clarify data fields, their description or both; adapt existing fields to the reporting logic prescribed in existing Q&As or reflect specific ways of populating them and introduce new fields and values to reflect market practice or other necessary regulatory requirements. Also available is an Annex setting out the counterparty data and common data details to be reporting to trade repositories. The Council of the EU and the European Parliament will now to consider the Delegated Regulation and if no objections are raised it will enter into force 20 days after its publication in the Official Journal.