The User Friendly Guide to Transaction Reporting in Europe and the UK

Download our free guide to ensure you’re meeting MiFIR/MiFID II and EMIR requirements

Approaching your reporting obligations strategically will not only give you a competitive advantage but ensure you avoid penalties for non-compliance.

To make things easy, we’ve created the User Friendly Guide to Transaction Reporting in Europe and the UK to show you how to make the transition from panic to strategy when it comes to European and UK regulation.

 

EMIR

Europe (EU)

EMIR applies to any entity established in the European Union (EU) that has entered into a derivative contract, and applies indirectly to non-EU counterparties trading with EU parties.

United Kingdom (UK)

EMIR has been onshored into UK legislation as UK EMIR. The UK legislation requires entities entering into derivative contracts to report transactions to an FCA registered trade repository (TR), clear via a central counterparty (CCP) if subject to a mandatory clearing obligation and implement risk mitigation for OTC derivatives that are not cleared by a CCP.

MiFID II/MiFIR

EU

Transaction reporting obligations in respect of specified transactions in financial instruments are imposed where the underlying instrument is traded on a European Economic Area (EEA) trading venue.

UK

MiFIR/MiFID II reporting obligations in the UK are the same as the EU as they have been adopted locally by the UK parliament. It is important to note that UK entities will now have a dual-reporting obligation if the entity has executed its transactions via an EU branch or vice versa. We’ve developed a summary to ensure you are reporting your trades/transactions to the correct TR or approved reporting mechanism.

Other Regulations

Regulators around the globe have imposed transaction reporting requirements. Read more on some of the most common regimes.

At TRAction, we offer delegated reporting services for:

 
 

For more information on any of the above reporting regimes, please do not hesitate to contact us.