Prepare for MiFID II / MiFIR transaction reporting

Complete Future Proof Compliance

  • Optimised regulatory compliance resources and costs

  • Compliance risk managed across multiple reporting regimes

  • Bespoke consultancy, rules interpretation and RTS analysis

  • Centralised reporting hub, modular & flexible service platform

  • Fully managed onboarding PROXIMITY programme

  • Dedicated service delivery manager

  • Ongoing service reviews

MiFID II Solution presentation

What is MiFID II/MiFIR?

MiFID (Markets in Financial Instruments Directive) II increases transaction reporting complexity and scope, presenting a major challenge to operations, technology and compliance teams for a larger segment of financial market participants.

MiFIR (Markets in Financial Instruments Regulation) mandates new ‘market abuse’ reporting, directly or via an Approved Reporting Mechanism (ARM). MiFIR expands the reportable dataset to require personal identification of decision makers and traders and other trade flags to provide regulators with a window into your – and the wider market’s – trading activity and behaviour.

What must be reported?

MiFID II increases the scope of reportable instruments and execution venues:

  • Reportable Financial Instruments include Equities, Rates and Credit products and new asset classes including currency, commodity and interest rate derivatives (and emission allowances).
  • As well as regulated markets, “Trading venues” now include Multilateral Trading Facilities (MTF), Organised Trading Facilities (OTF), and Systematic Internalisers (SI).
  • Additional ‘best execution’ reporting is required in respect of equity execution quality and commodities positions.

A transaction does not need to have been executed on an EU trading venue to be subject to MiFID II reporting. For example, derivatives traded outside of the EU where the underlying is traded on an EU trading venue will have to be reported.

PROXIMITY – guided approach to MiFID II compliance

For many firms, the most effective route to regulatory reporting compliance is in partnership with a specialist service provider.  Abide Financial delivers:

  • Fully managed, customisable MiFID II/MiFIR reporting services
  • Full compliance with regulatory obligations at go-live
  • Solid foundation for managing MiFID II/other reporting regime developments post go-live

Single solution for multiple reporting regimes

Centralised reporting hub receives, validates, normalises, enriches and routes transaction data to relevant regulatory bodies under multiple global regimes including MiFID, EMIR, REMIT, ASIC and MAS.

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Are you ready for MiFID II/MiFIR?

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