Europe (EMIR / MiFIR)

European Trade and Transaction Reporting Requirements

What is EMIR?

Under EMIR, all counterparties are required to report details of any derivative contract they have concluded, or which the counterparty has modified or terminated.

What is MiFIR/ MiFID II?

MiFIR came into effect on 3 January 2018 along with the MiFID II, which together govern all aspects of the financial markets, including trading and reporting of financial instruments.

More details below.

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

MiFIR Transaction Reporting Obligations

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

TRAction has pointed out some of the key issues that investment firms need to be aware of, so that you can stay compliant with transaction reporting requirements. Contact us if you would like to discuss your transaction reporting obligations under MiFIR.

Further information

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

Extra-territorial obligations

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.

Delegated Reporting – How can we help you?

TRAction provides clients with delegated reporting solutions in accordance with the reporting requirements outlined above.

Our clients can also conduct regular check of our service quality. Visit our Regular Quality Checks page to find out how you can be assured that we are doing a great job for you.

Transitioning to new EMIR & MiFIR Reporting

In the midst of an unprecedented global crisis, CME Group has announced its closure of most of its regulatory reporting services including NEX Regulatory Reporting and the CME European Trade Repository by 30 November 2020. We understand the stress and inconvenience this may bring to CME’s existing clients in terms of switching to another TR, ARM or reporting delegate.

If you are currently a client of the CME’s regulatory reporting entities, TRAction is here to help you and ensure a smooth transition of reporting services on or before 30 November 2020. Click here to find out 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