Data quality reviews by NCAs for EMIR reporting – ESMA Report
ESMA shows EU regulators’ supervisory practices regarding EMIR data quality is improving ESMA Report dated 11 April 2024 Follow up report to the Peer Review into supervisory actions aiming at enhancing the quality of data reported under EMIR Level of significance of change Medium Main points Follow-up report to the 2019 peer review into supervisory […]
EU EMIR Refit – Top 6 Changes That You Need to Know
The EU EMIR Refit rules begin on 29 April 2024. This revision is meant to align EU EMIR with global standards and improve data quality, as such there have been major changes introduced.
TRAction & Duco: Enhanced Data Solutions, Trade Reporting
TRAction has partnered with Duco, the AI platform for enterprise data automation, to provide its clients with reconciliation services. As part of TRAction’s updated service offerings which commenced in 2024, clients on EMIR and MiFIR Premium and Assured plans will receive reconciliations as part of their service. This will involve a three-way reconciliation which compares […]
ESMA’s new Q&A – MiFIR Latest update – 02 February 2024
Topic ESMA’s new Q&A – MiFIR Latest update Date: 02 February 2024 Regulations MiFIR Level of significance of change Minor For list of Q&A as of 1 January 2024, ESMA has directed to locate them on the ESMA Q&A website. Main points ESMA_QA_1510 *NEW* Transaction reporting How are different national identifiers specified in Annex II […]
ESMA’s new Q&A – EMIR Latest update – 02 February 2024
Topic ESMA’s new Q&A – EMIR Latest update Date: 02 February 2024 Regulations EMIR EMIR Refit Level of significance of change Major For list of Q&A as of 1 January 2024, ESMA has directed to locate on the ESMA Q&A website. Main points ETDs Reporting QUESTION 2 *MODIFIED* Scenario 1: the investment firm bears the […]
RTS 27 and 28 – The 2024 Status of These Reports in UK and EU
With the separation of EU and UK requirements and the beginning of divergence, determining whether your firm needs to complete RTS 27 and 28 reports can be very confusing. We summarise the current status of each report across both regimes.
The UPI has Gone Live for Regulatory Reporting (CFTC)
One key part of the regulatory reporting changes which are being rolled out globally in 2024, involves the introduction of the Unique Product Identifier (UPI) into the requirements.
How Does a Regulator or ARM Ascertain MiFIR Reportability?
The current application of MiFIR requires both the regulators and ARMs to filter through vast quantities of data to determine which transactions should be reported. Trading venues and systematic internalisers (SIs) are obliged to submit reference data for financial instruments to ESMA to be published in FIRDs. This is outlined in Article 27 of MiFIR and Article 4 of Market Abuse Regulation (MAR).
From a Regulatory Perspective, where is Gibraltar?
Brexit had a big impact on the small island of Gibraltar. Unlike other British Overseas Territories, it was part of the EU and participated in the referendum.
How Do Public Holidays and Bank Holidays Impact Trade Reporting?
Public holidays and bank holidays can have a major impact on trade and transaction reporting requirements; especially if you are an entity operating under multiple regimes.
When there is a public holiday where the regulatory body (or regulated entity) is located, it is likely that the timing of report submissions will be extended commensurately.