The second Markets in Financial Instruments Directive (“MiFID II”) and the Markets in Financial Instruments Regulation (“MiFIR”) came into effect on 3 January 2018. MiFID II and MiFIR together govern all aspects of the financial markets, including trading and reporting of financial instruments. Transaction reporting obligations are a large part of the regulatory regime and are contained in MiFIR. TRAction Fintech provides a full-service MiFIR solution that can simplify your transaction reporting requirements. Contact us if you would like to discuss your transaction reporting obligations.
Transaction Reporting Obligations
As transaction reporting obligations are contained in the MiFIR regulation, there cannot be differing implementation between European nations. MiFIR imposes transaction reporting obligations in respect of specified transactions in financial instruments where the underlying instrument is traded on a European Economic Area (“EEA”) trading venue.View More Details
Which instruments are caught by the new regulations?
The scope of the MiFIR reporting regime includes:
MiFID I transaction reporting only applied to financial instruments admitted for trading on a regulated market (and to OTC derivative contracts and other financial instruments linked to those instruments).
MiFIR transaction reporting obligations extend to:
There are 65 reporting fields under MiFIR, including:
Firms can report directly to their National Competent Authority (“NCA”), or indirectly through an Approved Reporting Mechanism (“ARM”) or a third-party assisted reporting solution.
If you would like assistance in understanding MiFIR transaction reporting obligations and how we can help you simplify your reporting, please contact us on +44 20 8050 1317 in the UK or +357 25 123 309 in Cyprus.
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
Find out more about the requirements for Australian OTC derivatives reporting under the ASIC regime. Read More
Find out more about the requirements for Singaporean OTC derivatives reporting under the MAS regime. Read More
The Hong Kong Monetary Authority (HKMA) requires specified OTC derivative transactions to be reported to HKTR. HKMA reporting obligations in relation to retail OTC Derivatives will come into effect from 1 July 2017. Read More