Daylight saving time (DST) is coming to an end for most European countries on 31 October 2021. You will need to ensure the time settings in your trade/transaction reporting are correct.
Following the footsteps of other major regulators, the UK, EU and Australia have implemented leverage restrictions on contracts for difference (CFDs) in recent years. In search of alternative solutions, some brokers have found a workaround by moving offshore or setting up branches in jurisdictions with no leverage restrictions.
TRAction is pleased to introduce the updated Ultimate Guide to Transaction Reporting in Europe. The team at TRAction have refreshed our well-known guide for those reporting under EMIR and MiFIR/MiFID II in both the UK and Europe. In our latest version of the guide, we have taken into account recent regulatory changes including where to report your trades post-Brexit.
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?
A UK investment bank has been fined £178,000 by the FCA for failing to have adequate controls and procedures to monitor transactions.