EMIR, MiFIR and SFTR trade and transaction reporting is impacted by holidays, so we encourage you to take the time to ensure your systems and your team are ready. This will help to ensure that the festive season is not marred by regulatory breaches.
Reporting is not required to be submitted to the regulators on public holidays.
UK Firms
For UK firms, bank holidays fall on 25 and 26 December 2024 and the New Year holiday is 1 January 2025.
This means:
| Transactions executed on | Submission Date |
|---|---|
| 24 December 2024 | on or before 27 December 2024 |
| 31 December 2024 | on or before 2 January 2025 |
EU Firms
For EU firms, the Christmas holidays differ by country and not all European countries have Boxing Day as a public holiday. Make sure you check your local calendars and any specific requirements of your NCA.
This means:
| Transactions executed on | Submission Date |
|---|---|
| 24 December 2024 | This could be either 26 or 27 December 2024 so make sure you check ahead with your NCA |
| 31 December 2024 | on or before 2 January 2025 |
TRAction will continue to accept and process files as well as provide customer service support on all days which require reporting.
If you’re reporting through TRAction, any reportable trades and transaction submitted to us will be reported in a timely manner during this festive season.
Regardless, we highly recommend you perform the following exercise to ensure your trades are reported correctly.
Check the Time Fields in Your Handback files
You should be able to locate the transactions executed on the dates mentioned above under the following fields in your handback file:
- EMIR/UK EMIR – Execution Timestamp field
- MiFIR – Trading Date Time field
- SFTR – Execution Timestamp field
We have published more detailed guidance on public holiday reporting on our website.
If you are not able to locate the transactions, please contact us.
