Using reporting to improve business processes and revenue
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? In this article, we will step you through the various ways in which you can use your regulatory reporting data to benefit your business.
How does the quality of your trade reporting affect ASIC’s assessment of the PIO?
ASIC introduced a product intervention order (Order) in October 2020, imposing restrictions on the issue and distribution of contracts for difference (CFDs) to retail investors. This decision came after the regulator’s finding that CFDs have resulted in, and are likely to result in, significant detriment to retail investors.
ESMA’s Latest Q&A on SFTR – 22 January 2022
If the settlement of an SFT has failed, are you still required to report this? ESMA clarified the reporting requirements in relation to Securities Financing Transaction (SFT) settlement fails in a recent Q&A. Due to the various ways in which settlements can fail (i.e., completely, partially, or before or after the SFT maturity date), it […]
Sights are set on global finance opportunities as the UK pivots away from the EU’s MiFID regulations
HM Treasury has issued a consultation paper, the Wholesale Markets Review, which proposed the United Kingdom’s plans to diverge from the European Union’s financial market regulations.
Turbos – what are they and can they really circumvent CFD leverage restrictions?
Are turbos the new answer to high risk, big profits (and potentially bigger losses) which retail traders are seeking?
Get Ahead with TRAction’s New MAS Assessment Tool
In the lead-up to the final phase of the MAS derivative reporting regulations, our team has found that some firms are unaware they are captured under the regime.
Introducing TRAction’s New EMIR and MiFIR Assessment Tools!
Are you unsure if you have EMIR and/or MiFIR reporting obligations or whether you are reporting completely and correctly?
Is your trade data quality good enough? ESMA weighs in.
A recent report published by the ESMA shows more effort is needed to improve trade data quality under EMIR and SFTR.
How MiFIR transaction reporting combats financial crimes
A UK investment bank has been fined £178,000 by the FCA for failing to have adequate controls and procedures to monitor transactions.
ASIC’s Product Intervention Order – See The Required Changes
The commencement of ASIC’s Product Intervention Order (Order) in respect of CFDs requires no action from you in respect of your OTC derivatives transaction reporting to ASIC.