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.
The Most Common ASIC Reporting Errors in 2022 – Part 3 (Liquidity Provider Edition)
We regularly find firms are either misreporting or not at all reporting their liquidity provider (LP)/hedge trades.
Are Football Player CFDs reportable?
Football enthusiasts can now trade football-based contracts for difference (CFDs), turning passion into profit, but what are the regulatory implications for brokers offering these products to their clients?
FAQ: How should zero collateral be reported for margin lending under SFTR?
How should zero collateral be reported for margin lending under SFTR?
Do crypto-asset service providers have MiFIR reporting obligations?
To address the Money Laundering/Terrorism Financing (ML/TF) risks emanating from crypto-assets, the Cyprus Securities and Exchange Commission (CySEC) published a policy statement (PS) on 13 September 2021 to outline its approach to the registration and operations of Crypto Asset Services Providers (CASPs).
Will a crackdown on PFOF stop brokers from hedging to related parties or taking a share in the LP’s book?
PFOF triggered ESMA’s concerns on a few key MiFID II requirements, namely, best execution (Article 27), conflicts of interest (Article 23), inducements (Article 24(9)), and cost transparency (Article 24(4)). The purpose of these requirements are to protect retail investors.
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.