UK & European Trade Reporting Requirements (EMIR / MiFIR)

What are EMIR and MiFIR/ MiFID II?

  1. European Market Infrastructure Regulation (“EMIR“)  All counterparties are required to report details of any derivative contract they have concluded, or which the counterparty has modified or terminated.
  2. Markets in Financial Instruments Regulation (“MiFIR“)  MiFIR came into effect on 3 January 2018 along with the Markets in Financial Instruments Directive (“MiFID II”), which together govern all aspects of the financial markets, including trading and reporting of financial instruments.

MiFIR Transaction Reporting Obligations

MiFIR governs transaction reporting requirements in Europe.  TRAction Fintech has done the preparation for you so that you can stay compliant with transaction reporting requirements.  Learn more about the regulatory regime here.

Under the European transaction reporting requirements, all investment firms are required to report specified transactions in financial instruments where the underlying instrument is traded on a European Economic Area (“EEA”) trading venue to an Approved Reporting Mechanism (“ARM”), on a T+1 basis.

Some of the key issues firms need to be aware of are described on our page covering MiFIR transaction reporting obligations.  Contact us if you would like to discuss your transaction reporting obligations under MiFIR.

EMIR Reporting Obligations

EMIR is European legislation for the regulation of derivatives transactions.

Under EMIR, all counterparties are required to report details of any derivative contract they have concluded, or which the counterparty has modified or terminated, to a registered Trade Repository (“TR”).

Read more on our EMIR reporting page.  Contact us if you would like to discuss your trade reporting obligations under EMIR.

Further information

See the following pages for more detailed information about specific aspects of transaction reporting in the UK and Europe:

Types of Regulatory Trade Reporting

The differences between trade publication and transaction reporting

CFI & ISIN Requirements for EMIR and MiFID II Reporting

How to Seamlessly Report Trades for both MiFIR and EMIR

Extra-territorial obligations: Additional regimes which may capture you: Shekel Reporting

Brokers that deal in the Israeli Shekel derivative have reporting obligations to the Bank of Israel. All non-Israeli firms who hold a position above the threshold (USD15m in aggregate gross notional) are required to report all OTC Derivative on Shekel FX and rates.

To speak with us about your reporting obligations, feel free to contact us and one of our experienced staff will be happy to assist you.

 


Australia Trade Reporting - ASIC

Find out more about the requirements for Australian OTC derivatives reporting under the ASIC regime. Read More


Singapore Trade Reporting - MAS

Find out more about the requirements for Singaporean OTC derivatives reporting under the MAS regime. Read More


Hong Kong Trade Reporting - HKMA

Find out more about the requirements for Hong Kong OTC derivatives reporting under the HKMA regime. Read More