The Complexities of ISO 20022 XML for Transaction Reporting
ESMA went live with SFTR in accordance with the ISO 20022 XML methodology in July 2020. This is the first time an EU transaction reporting regulation went live with XML being the only format available for submission. This XML structure was created to provide an industry-wide framework to be used by all financial standards initiatives. Coming into effect in 2023, the European Markets Infrastructure Regulation (EMIR) REFIT will be adding ISO 20022
UK EMIR Refit – What Additional Reporting Information Do You Need From Me?
UK EMIR Refit go-live date is set for 30 September 2024, prompting the most commonly asked question by Reporting Counterparties using TRAction’s services – what new information is required in UK EMIR Refit? The upcoming changes require firms to adapt to new reporting solutions and processes ahead of the go-live date. By approaching the new […]
