The FCA Cracks Down on Brokers’ Offshore Entities
Following the footsteps of other major regulators, the UK, EU and Australia have implemented leverage restrictions on contracts for difference (CFDs) in recent years. In search of alternative solutions, some brokers have found a workaround by moving offshore or setting up branches in jurisdictions with no leverage restrictions.
How to Report Correctly in Zero Net Positions under EMIR?
The Cyprus Securities and Exchange Commission (CySEC) has flagged several incorrect reporting practices of Regulated Entities under EMIR in respect of zero net positions.
Where should you report your trades/transactions to post-Brexit?
The United Kingdom has severed ties with the European Union and the post-Brexit trade deal is operating but what does this mean for your trade/transaction reporting?
News Update: DTCC ceases to receive data feed from Refinitiv
DTCC recently announced the termination of their vendor relationship with Refinitiv, operators of Avox Limited. Underpinning the termination of DTCC’s vendor relationship with Refinitiv is the significant reduction in the use of AVIDs as the global community shifts towards the adoption of an Legal Entity Identifier (LEI) only policy.
Regulatory Update – a Focus on EMIR and MiFIR Trade Reporting Continues
2020 does not have to be harder than it already is. With all the reading that needs to be done to keep up with Coronavirus, US Presidential Elections and Brexit, dealing with regulatory updates too can feel a little unbearable.
NCA identifies common mistakes in MiFIR transaction reporting – Do you have any? What should you do?
We recommend all European investment firms (IFs) review CySEC’s circular which identified a number of issues with MiFIR transaction reporting undertaken.
CySEC MiFIR Reporting – Notification Requirements for any fixes
We would like to remind all CySEC Reporting Entities (REs) of their obligation to seek approval for a cancellation, correction or late submission in their MiFIR reporting.
FCA identifies 5 Common MiFiR reporting errors
The UK’s FCA recently released Market Watch 65 identifies 5 common errors relating to MiFIR transaction reporting.
TRAction and LSEG Post Trade (formerly UnaVista) strengthen alliance to provide combined MiFID II and EMIR regulatory reporting solutions
TRAction is proud to announce an expanded collaborative partnership with UnaVista, London Stock Exchange Group’s regulatory reporting platform.
How to avoid a trade reporting fine in 6 steps
ASIC recently issued infringement notices with fines to AMP Life Limited (AMP Life) and AMP Capital Investors Limited (AMP Capital) based on alleged contraventions. The total fines were $526,000. What can we learn from this incident?