MiFID III and MiFIR 2 (Amendments to MiFID II and MiFIR)
What is it? The latest update to the Markets in Financial Instruments Directive (MiFID II), being the regulatory framework for financial markets in the European Union (EU). As it is a fairly major update the industry sometimes calls it “MiFID III” or “MiFID 3”. Why? The European Parliament sums up the intent behind the amendments […]
Is reporting at ‘position level’ allowed for all EMIR Derivatives?
Differences between trade level reporting vs position level reporting are important to note as part of transaction reporting – TRAction previously discussed them in this article. Position level reporting basically targets aggregated data to show overall exposure across the counterparties concerned. Under EMIR, reporting at position level for all derivatives is not permissible and can […]
