ESMA Q&A Update – MiFID II and MiFIR Commodity Derivatives Topics
The latest Q&A update is tied to the release of Commission Delegated Regulation (EU) 2022/1302 (RTS 21a) in April 2022 regarding position limits on commodity derivatives and changes to the ancillary activity exemption.
FCA Market Watch 70 – Recent Observations on Transaction Reporting
Although these observations are released by the FCA in respect of firms they regulate in the UK, they have significance for all firms subject to the equivalent MIFID II and MiFIR regimes in the EU.
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.
FAQ: Bilateral Margining Cash Collateral be Reported for Repos under SFTR?
There has been a lack of clarity in bilateral margin reporting for repo transactions from their trade level collateral in accordance with the Global Master Repurchase Agreement (GMRA). The European Repo and Collateral Council (ERCC) division of the International Capital Market Association (ICMA) has worked closely to release a guide to best practice in the […]
Investment Firms’ Report Card Released for Transaction Reporting
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.
Reminder: RTS 28 Reports Due 30 April 2022
RTS 28 is still in force for EU and UK investment firms and must be published by 30 April 2022.
Investment firms are required to summarise and publish their top five execution venues in terms of trading volume and information on the quality of execution obtained for each class of their financial instruments
Using reporting to improve business processes and revenue
Often firms view complying with regulation as an obligation to avoid penalties and fines. However, have you considered how compliance can not only improve your business processes but add to your revenue as well? In this article, we will step you through the various ways in which you can use your regulatory reporting data to benefit your business.
