Do You Need to Report (MiFIR) Trade Time in Milliseconds?
When reporting transactions to regulatory bodies, there are variations in the data format that is required from region to region. An example of this difference is the accuracy of the timestamp that is deemed acceptable. Under MiFID II/ MiFIR,milliseconds are required in an attempt to increase the transparency and detail of the information passed to the regulator.
ESMA Q&A Update – Regarding Third Country Issues Under MiFID II and MiFIR Transparency Requirements
Topic MiFID II and MiFIR Transparency Date 5 September 2022 Regulations MiFID II and MiFIR Articles 20 and 21 of MiFIR Level of Significance of Change Minor Main Points This question and answer update confirms that transactions between branches of the same legal entity, or between a branch and its head office, are not subject […]
Trade Reporting for Foreign Payment/Money Transfer Providers
Globally there are a host of foreign exchange brokers which allow their customers to move currency to and from different countries and currencies. These companies are subject to different requirements based on the jurisdiction where they are based and the role they play in the market.
Sophie Gerber Discuss Regulation and Compliance At The iFX Expo Cyprus
TRAction’s Co-CEO, Sophie Gerber, provided her insights on the dichotomy between relevance and compliance.
