MiFID II, which launched early January, brought one of the largest ever set of reforms to the European financial sector. Our General Manager Quinn Perrott spoke with Sylwester Majewski from Finance Magnates about the new era for the reporting community and the challenges clients are facing post MiFID II launch.
In the article, featured in the FM Intelligence Magazine, Quinn discusses national identifiers, client data and the naming conventions as the major issues currently facing the industry as part of the MiFID II reforms.
“Client data has been the biggest issue for our clients. Getting the additional information required by the national identifier regime has proved difficult. Many brokers have either not yet made a request haven’t got national identifiers and clients are not responding to requests for it.”
The full article can be accessed here.
TRAction Fintech are a specialist firm with one simple purpose; making life that little bit easier when it comes to daily transaction reporting requirements for the EMIR and MiFIR regimes. We are here to remove the challenges and barriers to reporting. Please contact us if you would like to discuss your regulatory obligations on +44 20 8050 1317 or via firstname.lastname@example.org.
Quinn has an extensive background in IT starting as the IT Manager for City Index. Quinn then went on to be co-founder and General Manager of AxiTrader, one of Australia’s largest Margin FX providers.