Trade Reporting for Foreign Payment/Money Transfer Providers
Globally there are a host of foreign exchange brokers which allow their customers to move currency to and from different countries and currencies. These companies are subject to different requirements based on the jurisdiction where they are based and the role they play in the market.
Sophie Gerber Discuss Regulation and Compliance At The iFX Expo Cyprus
TRAction’s Co-CEO, Sophie Gerber, provided her insights on the dichotomy between relevance and compliance.
Ready for ESMA’s new MiFIR Transaction Reporting Validation Rules?
MiFIR introduces many requirements in respect of transaction reporting, including the requirement to report a wider range of data. In this article we explain some of the intricacies and difficulties of procuring and validating data and how these can be overcome.
FAQ: Bilateral Margining Cash Collateral be Reported for Repos under SFTR?
There has been a lack of clarity in bilateral margin reporting for repo transactions from their trade level collateral in accordance with the Global Master Repurchase Agreement (GMRA). The European Repo and Collateral Council (ERCC) division of the International Capital Market Association (ICMA) has worked closely to release a guide to best practice in the […]
Small Financial Counterparties (SFCs) – how to determine if you are an SFC and if so, what do you need to do under EMIR Refit?
The date for financial counterparties (FC) to conduct the ‘clearing obligation assessment’ is required every 12 months.
Investment Firms’ Report Card Released for Reporting – EMIR & SFTR
ESMA recently released their Data Quality Report which presented analysis of the quality of data which was collected for regulatory use in 2021 under the EMIR and SFTR transaction reporting regimes.
Reminder: RTS 28 Reports Due 30 April 2022
RTS 28 is still in force for EU and UK investment firms and must be published by 30 April 2022.
Investment firms are required to summarise and publish their top five execution venues in terms of trading volume and information on the quality of execution obtained for each class of their financial instruments
Forgetting to report your EMIR/UK EMIR hedge (LP) trades?
Failure to report your hedge trades not only is a breach of your EMIR/UK EMIR reporting obligations but can also attract serious financial penalties from your NCA.
Are You Ready for the Upcoming Changes to SFTR Validation Rules and XML Schemas?
20022 XML schema on 29 July 2021. The updated validation rules will take effect from 31 January 2022. Now is the time to get ready for the changes.
Are Rolling Spot FX and Spot Precious Metals Reportable Under MiFIR?
Just over one year since MiFID II came into effect, TRAction still gets asked whether Rolling Spot FX and Spot Precious Metals are reportable under MiFIR.
