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).
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 […]
Using Reporting Data to Enhance Internal Reconciliation
Often firms view complying with regulation as an obligation to avoid penalties and fines. However, have you considered how compliance can not only improve your business processes but add to your revenue as well?
Recent Regulator Scrutiny on Unpaired EMIR Transactions
We have recently seen regulators making enquiries to investment firms about pairing and matching discrepancies that have been identified in their reporting.
EMIR Data Quality Is Now A Regulator Focus
Since the introduction of transaction reporting, firms have spent significant proportions of their compliance budget on the initial implementation and ongoing technological solutions to ensure transactions are being reported to the regulators correctly and on-time.
Best Execution Best Practices
At its core, best execution is about outlining a set of rules and practices that require authorised financial services firms to seek the best possible result for their clients when executing their orders. The factors that need to be monitored encompass more than just price.