FCA continues to focus on EMIR and MiFIR trade reporting in its regular Market Watch publication

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. Here is an outline of the major regulatory updates in Europe about EMIR and MiFIR transaction reporting.

FCA Continues Its Focus on Transaction Reporting

An emerging trend of regulatory focus in the United Kingdom is EMIR and MiFIR transaction reporting, illustrated by the prominent attention given to it in the FCA’s regular Market Watch publication. Since April 2019, transaction reporting has featured three times in the corporate regulator’s newsletter.

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This article gives you an overview of common reporting errors, Brexit scenario, how CySEC echoes FCA’s commentary, and ESMA’s important updates on EMIR/MIFIR.

Quinn Perrott

Quinn is co-CEO and founder of TRAction and focuses on assisting clients in Europe, Asia and Australia to meet their regulatory requirements with trade and transaction reporting solutions as well as development of the best execution platform. With a background in IT, Quinn started in the financial markets as IT Manager for City Index. He then co-founded and worked as a General Manager at one of Australia’s largest margin FX and CFD providers. Quinn has provided educational sessions to Australia’s regulatory bodies in relation to operational aspects of derivatives and trading platforms.