Manage MiFID reporting obligations efficiently

As an Approved Reporting Mechanism (ARM) Abide Financial processes MiFID eligible transactions efficiently to the FCA and other European regulators. Abide has developed a robust and mature control framework around the MiFID transaction reporting process designed to meet all of the obligations dictated  by the Transaction Reporting User Pack (TRUP).

A unique MiFID reporting service

  • Intelligent, customisable reporting platform:
    extraction, reporting & reconciliation
  • Multi-asset regulatory data validation and enrichment expertise
  • Integrated end-to-end reconciliation, in line with TRUP 3.1
  • Reliable compliance consultancy backed by extensive industry experience
  • Named service delivery manager
  • Annual review of process and performance

What is MiFID?

The Markets in Financial Instruments Directive (MiFID) requires banks, trading firms and asset managers to report securities and derivatives trades to their National Competent Authority (NCA). Transaction reports are used to monitor for market abuse and support the wider regulatory remit of ensuring transparent and fair markets.

Transactions that need to be reported

Market participants must report details of trades in listed equity and debt
products (and derivatives of them) to the Financial Conduct
Authority (FCA) and other regulatory destinations. Banks, trading
firms and asset managers may all be required to report.

Reportable instruments include:

  • All equities and bonds listed on EEA Regulated Markets
  • Derivative contracts of all equities and bonds listed
    on EEA Regulated Markets
  • All trades, including ‘over the counter’ (OTC) trades

“We chose Abide Financial for the very high quality of its consultancy in qualifying and quantifying our regulatory reporting workflow. We were impressed with their expertise in managing current and defining future regulatory reporting requirements.”

Philippe Ruault,
Head of Clearing and Custody Solutions,
BNP Paribas Securities Services

Single solution for all reporting obligations

Abide Financial’s reporting HUB is designed to receive, process, enrich and distribute transaction data, routing it to relevant regulatory bodies under multiple global regimes: MiFID, EMIR, REMIT, ASIC, MAS and others.

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Reporting firm

Are you compliant with MiFID and MiFID2 reporting requirements?

Book a complimentary consultation with one of our regulatory experts to find out.

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