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.
Are turbos the new answer to high risk, big profits (and potentially bigger losses) which retail traders are seeking?
Navigating your European reporting obligations can be tricky.
We’ve answered some of our most frequently asked questions below to help you understand your transaction reporting obligations a little better.
Are you unsure if you have EMIR and/or MiFIR reporting obligations or whether you are reporting completely and correctly?
There remains a lack of clarity as to whether cryptocurrency derivatives (‘cryptos’) should be treated as financial instruments and therefore subject to ESMA’s derivative reporting rules and reported to a TR/ARM.
A UK investment bank has been fined £178,000 by the FCA for failing to have adequate controls and procedures to monitor transactions.
Data validation and data enrichment ensures any errors identified are resolved and the format meets requirements prior to ARM submission.