Need to update Pre-EMIR Refit trades?
Under the Refit regulations which commenced on 29 April 2024 in the EU, a 180 day (6 month) transition period was provided to allow for reporting entities to update their non-compliant trades entered into before the Implementation Date. This means the EMIR Refit old format (for open trades) window closes on 26 October 2024 (for […]
EMIR Required for Cleared Trades, Agency or Give-up models?
Background: Clearing, Prime brokers and bilateral arrangements When financial firms want to trade with each other there are several risks involved, one of which is credit risk. This is the risk where a firm might not be able to ‘pay up’ for losses on a bilateral trade. This risk may be mitigated or resolved by […]
Unique product identifier (UPI) – UK EMIR
Subsequent position UTI – UK EMIR
ISIN – UK EMIR
TRAction and Fasanara – MiFIR reporting solution rolled out
Fasanara Capital, a leading institutional asset manager, has engaged with TRAction, a premier regulatory technology provider for trade reporting solutions, to enhance their Markets in Financial Instruments Regulation (MiFIR) reporting processes. This collaboration aims to: Alleviate the burden on Fasanara Capital regarding the human and internal resources dedicated to trade reporting; Deepen understanding of trade […]
Execution agent – UK EMIR
FMPS:24 Panel – Beyond the bASICs
Beyond the bASICs: Regulation and Operations in Australia and Offshore Recently, TRAction’s co-CEO Quinn Perrott spoke on the ‘Beyond the bASICs: Regulation and Operations in Australia and Offshore’ panel at Finance Magnates Pacific Summit 2024. Quinn spoke alongside several other industry experts, including Eugenio Accongiagioco (APAC Management Consultency), Courtney Fitzsimmons (MEX Markets) Vakul Talwar (Crypto.com), […]
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 – 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 […]