FCA Market Watch 74 – Reiterating The Need for Regular MiFIR Reconciliation
The aim of FCA Market Watch 74 is to improve the quality and accuracy of transaction reporting and financial instrument reference data used by firms they regulate.
Have You Checked if you are a Systematic Internaliser Lately?
A Systematic Internaliser (SI) is an investment firm which is a counterparty dealing with its proprietary capital and is not a trading venue.
Collateral Reporting under EMIR/UK EMIR: what is required?
What needs to be reported under EMIR for Collateral? For the purpose of EMIR Trade Reports, collateral is broken down into three types.
Watch TRAction’s co-CEO, Sophie Gerber, moderate the Surf’s Up: The Fintech Rising Tide panel at iFX Asia Expo
TRAction’s co-CEO, Sophie Gerber, moderated the Surf’s Up: The Fintech Rising tide panel at last months iFX Expo Asia.
ESMA Data Quality Report – Improving Valuation Reporting
The ESMA 2022 Report on Quality and Use of Transaction Data is a study conducted by the regulatory authority to assess the quality and utilisation of transaction data across the European Union (EU). The report analyses various aspects of transaction data, including missing valuations, which are an important component of accurate and reliable market analysis. One trend highlighted is that the number of reports with missing valuations is declining. This is something that ESMA have been targeting for years, as the valuations give the regulator a much better picture of the overall systematic risk by having a better understanding of the aggregate exposure being held in the OTC marketplace.
ESMA Q&A Update – SFTR reporting
TRAction reviews ESMA’s latest Q&A and what you need to do to stay up to date
EMIR Refit: Unique Product Identifier (UPI)
EMIR Refit will see the introduction of a new field – the Unique Product Identifier (UPI). The UPI is being added to EMIR, as well as other regimes such as ASIC, MAS and CFTC derivative reporting so as to more closely align regulation worldwide.
We All Know About EMIR Refit But What About The Next MiFIR Changes?
EMIR Refit has been receiving a lot of press recently with its upcoming changes to the format of reporting and additional data elements. Alongside this, ESMA has been working on changes to MiFIR given that the regime commenced over five years ago.
What Is An XSD File And Why Is It Important for Your Regulatory Reporting?
With the upcoming ASIC Rewrite changes fast approaching, the transition to XML submissions will pose a massive challenge for many reporting entities in the jurisdiction. An XSD file is a text file (in XML format) that defines the schema (structure, content, and data types) of another XML file.
I Delegate Reporting to my LP and now I have a Query from my Regulator, What do I do?
Reporting entities can delegate the process of producing regulatory reports to another party, such as a liquidity provider (LP). The delegate performs the function of preparing and submitting the reports to the relevant authorities on behalf of the delegating party.
