ESMA recently released their Data Quality Report which presented analysis of the quality of data which was collected for regulatory use in 2021 under the EMIR and SFTR transaction reporting regimes.
20022 XML schema on 29 July 2021. The updated validation rules will take effect from 31 January 2022. Now is the time to get ready for the changes.
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).
How should zero collateral be reported for margin lending under SFTR?
UnaVista announced the upcoming closure of its SFTR trade repository (TR) service for both its UK and EU clients. This means all firms utilising UnaVista for their SFTR reporting will need to onboard with an alternative TR by the closure date of 31 January 2022.
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.
Contact us to simplify your trade and transaction reporting.