REFIT will bring many changes. In June 2019, REFIT introduced the exemption to report Intragroup transactions as well as the shift in reporting obligation for the NFC-. Among the most significant changes to come is the adoption of the ISO 20022 standard for the reporting of contracts, the increase in the number of  regulatory reportable and reconcilable fields  as well as the reconciliation of dynamic data such as valuation information, as it is updated daily.