MiFIR/MiFID II

Investor Protection
EMIR

ESMA’s Regulatory Reporting Outlook for 2022

Every year the European Securities and Markets Authority (ESMA) outlines its priorities for the following year in its annual work programme (AWP). With ESMA’s new powers and responsibilities, growth in staff numbers and changes in senior management, the AWP for 2022 was developed at a time of significant change for ESMA.

Daylight Savings
ASIC

Reminder: Daylight Saving Time has Started for New York

Are you reporting trades by New York (NY) time or following NY close of business? If so, it is important to check your trades/transactions are still reported at the correct time now that daylight saving time (DST) has started in the US (13 March 2022).

Are Cryptocurrency Contracts for Difference (CFDs) reportable under EMIR and MiFIR?
EMIR

Is Crypto Trading Reportable Under EMIR and MiFIR?

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.

Football player
EMIR

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?

Do crypto-asset service providers have MiFIR reporting obligations?
MiFIR/MiFID II

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).