The EMIR Refit Data Quality Calculator helps reporting entities quickly determine whether an identified error or omission in their EMIR reports should be considered “significant” and therefore notified to the NCA.
By entering just two figures, the total number of reports and the number of affected reports, the calculator automatically applies the ESMA Guidelines thresholds (Y = 20 %, X = 100) and evaluates both conditions using AND logic. The result clearly indicates whether the issue meets ESMA’s “significant” criteria and whether a Contact NCA = YES/NO outcome applies.
This tool is based on ESMA’s official “Notification to NCAs on Data Quality Issues – Significant Issue Calculator” and is designed to support firms in their EMIR Refit data-quality assessments.
More details about EMIR REFIT Significant Error
Reports submitted in the twelve complete calendar months before today; exclude the current month.
ESMA applies the significance test separately to each report category (Guidelines para 390). Enter the totals for the category being assessed, or leave unspecified and the report will disclose that the figures are pooled.
Legal Entity Identifier of the entity responsible for reporting under Art. 9 EMIR. Entity name and address are retrieved from GLEIF for the report.
