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.
While you enjoy the sun and longer days, you will also need to ensure the time settings in your trade/transaction reporting are correct.
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?
As part of MiFIR/UK MiFIR, Investment Firms should have arrangements in place to regularly reconcile their front office transactions against data samples provided by their National Competent Authority (NCA).
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.
In what will feel like unusual good news for compliance departments across Europe, ESMA’s recent publication has questioned the efficacy of best execution.
