Brexit sparks worries about trade reporting

UK energy firms fear leaving EU may usher in new layer of reporting rules

Houses of Parliament London
Will Brexit lead UK to set up its own, Emir-style reporting regime?

The UK's looming departure from the European Union may introduce new regulatory headaches for energy firms that have already invested significant time and effort to be compliant with the trade reporting rules of the European Market Infrastructure Regulation (Emir).

"It could introduce inefficiency, extra cost and complexity because you will probably end up with an additional system," says a London-based compliance manager at an oil and gas company. "At the moment, many of us report to trade repo