UK & European Trade Reporting Requirements (EMIR / 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 to a registered Trade Repository.
  2. Markets in Financial Instruments Directive (MiFID II)  MiFID II is set to come into effect in January 2018 and will govern all aspects of the financial markets, including derivatives trading and reporting. MiFID II will expand derivative transaction reporting obligations.

MiFID II and MiFIR Reporting Obligations

From 3 January 2018, the scope of transaction reporting will be greatly expanded.  TRAction Fintech has done the preparation for you so that you can stay compliant with trade reporting requirements through the transition. Learn more about the changes here.

The upcoming changes to the European regulatory framework through the implementation of the Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) on 3 January 2018 will require firms to adapt their trade reporting processes.  Under the new regime, all investment firms will need to report OTC derivative transactions where the underlying instrument is traded on an EU trading venue, on a T+1 basis.

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

EMIR Reporting Obligations

The European Market Infrastructure Regulation (EU) No 648/2012 (EMIR) is European legislation for the regulation of over-the-counter (OTC) derivatives.

The new Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) are a revision of the existing applicable standards. They will apply from 1 November 2017.

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

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.

For Further information on your Shekel reporting obligations, visit our Israeli Shekel page.

To speak with us about your reporting obligations under EMIR, MiFIR or both, feel free to contact us on +44 20 8050 1317 in the UK or +2 8960 7249 in Australia and one of our experienced staff will be happy to assist you.

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

UK & Europe Trade Reporting - MiFID II

MiFID II extends the derivative transaction reporting obligations of MiFID to a larger group of businesses. Read More

UK & Europe Trade Reporting - EMIR

EMIR requires all market participants to report details of all derivative contracts (interest rate swaps, FX, credit, equity and commodity) to Trade Repositories. Read More

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