EU EMIR Refit – What Reporting Information Do You Need?
With the EU EMIR Refit go-live date set for 29 April 2024, the most common question raised by Reporting Counterparties is – what new information is required in EMIR Refit?
Trade Reporting Field of the Week: Report Status
TRAction’s new Trade Reporting Field of the Week series reviews the 65 MiFIR fields. This week we kickstart the series with the Report Status field.
What is EMIR 3? Is it the same as EMIR Refit?
Regulatory reporting is complex and with the numerous EMIR updates released by ESMA over the years, it can get quite confusing. Recently, the European Commission has published a proposal called EMIR 3. This new proposal might sound like a major update, however it is unrelated to the upcoming (April 2024) EMIR refit changes which affect derivatives trade reporting.
ASIC Final Rules for OTC Derivatives Reporting
After two consultation papers over more than two years, ASIC has released their final package of updated Derivatives Transaction Rules. ASIC’s reporting rules are being harmonised to global standards. ASIC has taken industry feedback into consideration and announced there will be a consolidated release to a single update, called the ASIC Derivative Transaction Rules (Reporting) 2024 […]
TRAction’s Easy Guide to LEIs
A Legal Entity Identifier (LEI) is a 20-digit alpha-numeric code based on the standard developed by the International Organization for Standardization (ISO).
Using Reporting Data to Enhance Internal Reconciliation
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?
Recent Regulator Scrutiny on Unpaired EMIR Transactions
We have recently seen regulators making enquiries to investment firms about pairing and matching discrepancies that have been identified in their reporting.
Update: the all-new User-Friendly Guide to Transaction Reporting in Europe and UK is here
TRAction is pleased to introduce the updated User-Friendly 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.
EMIR Data Quality Is Now A Regulator Focus
Since the introduction of transaction reporting, firms have spent significant proportions of their compliance budget on the initial implementation and ongoing technological solutions to ensure transactions are being reported to the regulators correctly and on-time.
Best Execution Best Practices
At its core, best execution is about outlining a set of rules and practices that require authorised financial services firms to seek the best possible result for their clients when executing their orders. The factors that need to be monitored encompass more than just price.