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.
Reconciling under EMIR when trades are reported with the Compression Method
EMIR transaction reporting rules allow reporting entities to delegate their reporting obligations to a third party, however the firm still remains ultimately responsible for ensuring the details of their transactions are reported correctly and accurately under Art 9(1) of EMIR.
EU EMIR Refit – What Reporting Information Do You Need?
With the EU EMIR Refit go-live date set for 29 April 2024, the most common question raised by Reporting Counterparties is – what new information is required in EMIR Refit?
MiFIR Reconciliation
As part of MiFIR/UK MiFIR, Investment Firms should have arrangements in place to regularly reconcile their front office transactions against data samples provided by their National Competent Authority (NCA).
What is EMIR 3? Is it the same as EMIR Refit?
Regulatory reporting is complex and with the numerous EMIR updates released by ESMA over the years, it can get quite confusing. Recently, the European Commission has published a proposal called EMIR 3. This new proposal might sound like a major update, however it is unrelated to the upcoming (April 2024) EMIR refit changes which affect derivatives trade reporting.
ASIC Final Rules for OTC Derivatives Reporting
After two consultation papers over more than two years, ASIC has released their final package of updated Derivatives Transaction Rules. ASIC’s reporting rules are being harmonised to global standards. ASIC has taken industry feedback into consideration and announced there will be a consolidated release to a single update, called the ASIC Derivative Transaction Rules (Reporting) 2024 […]