UK EMIR Refit 2.55: Notional amount of leg 1
Meet the team: Sibel Kaan
How did Sibel find herself at TRAction? For most of her career, Sibel predominantly worked for 2 of Australia’s leading banks in their legal and compliance departments, and also a couple of top tier law firms. She explains, “I have always wanted to work with TRAction since I met Sophie and Quinn many years ago […]
What to do when the derivative instrument’s underlier has no ISIN under EMIR
A commonly asked question by many trade reporting entities is what value to use when the underlier to the relevant instrument has no ISIN under EMIR. (An ISIN is an international securities identification number which is a product identifier code often required by trade reporting regimes – EMIR and MiFIR). Where no ISIN is available […]
Meet the team: Younes Abou Khzam
How did Younes find himself at TRAction? Before joining TRAction, Younes was Co-Head of IT at OneRoyal, a CFD broker based in Lebanon, Australia and Cyprus, where he worked for 8 years.Prior to that, he worked for Al-Kafaat University, his alma mater, in the IT department. Younes’ responsibilities in his role… Younes supports TRAction’s employees […]
LEI Status Requirements – which may lapse, and which require renewal?
There are certain fields within the reporting regimes of EMIR, MiFIR, SFTR, ASIC, MAS and Canada, which require populating with a legal entity identifier (LEI). All LEIs for these reporting regimes must be valid and included in the GLEIF database. (For more information on ISO 17442 see GLEIF’s website). As a general overview: for new […]
Meet the team: Valerija Galkina
How did Valerija find herself at TRAction? After university, Valerija started her journey in the investment world where she found herself interested in the regulatory reporting framework “as it was a relatively fresh and fast developing field. Transitioning into fintech felt like a natural progression, allowing me to integrate my experience into innovative tech solutions.” […]
The 6 Most Common EMIR Reporting Errors
We’ve identified the 3 most common errors in the data we receive from our clients: NonReportingPartyCountry field populated with invalid country code, UTI reused for a new trade and invalid LEIs used.
Does CARF include transaction reporting requirements?
The Crypto-asset reporting framework (CARF) is a newly set up framework by the Organisation for Economic Co-operation and Development (OECD). Its aim is to harmonise the global approach towards crypto reporting and bring about an automated process for information sharing relating to crypto transactions between countries. The framework aims to combat tax fraud, evasion and […]
Meet the team: Anthony
How did Anthony find himself at TRAction? Anthony previously worked at Civica as a pre-sales manager. He shares, “I found myself at TRAction after speaking with a friend of mine about the role which led me to apply to join the onboarding team.” Anthony’s responsibilities in his role… Anthony works with clients to help them […]
Meet the team: Georgios Hadjigeorgiou
How did Georgios find himself at TRAction? Prior to working at TRAction, Georgios was working for Amazon UK as a Process Optimisation Analyst in Operations. He describes that his responsibilities were to “analyse data from all Fulfilment centers in the UK, EU and AU, and advise the senior operations managers and the general managers on […]
