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MiFID II: Five months on

06/28/2018 ||By: Swappna D

It’s been over five months since the Markets in Financial Instruments Directive II (MiFID II) came into effect. As such, many have begun to wonder what impact the directive has had, on both investment firms and financial markets, and whether its effect on European financial markets has been as significant as previously thought. What is […]

Brexit’s impact on Trade Reporting (MiFID II/R)

06/12/2018 ||By: Swappna D

As European financial markets come to terms with the outcome of the UK referendum, Brexit has severe implications for the Markets in Financial Instruments Directive (MiFID). MiFID II/R is the cornerstone of EU’s regulation of financial markets. It aims to improve competitiveness in the EU by creating a unified market for investment activities and services, […]

Impact of LEI delays on MiFID II/R filing timeline

06/05/2018 ||By: Swappna D

Eligible lеgаl еntіtіеѕ have until 3 June 2018 to obtain their LEI (Legal Entity Identifier) соdе. After June 3, no EU investment firm can рrоvіdе аnу ѕеrvісе that triggers thе оblіgаtіоn tо ѕubmіt a transaction rероrt for a trаnѕасtіоn entered into оn behalf оf a client whо is eligible for the LEI соdе, before obtaining […]

ARM or NCA? Benefits of direct MiFID submission

05/22/2018 ||By: Swappna D

MіFID II hаѕ reopened the ARM vs NCA dеbаtе. Hоwеvеr, the question hаѕ become more соmрlеx owing to an іnсrеаѕе in the іnfоrmаtіоn required fоr MiFID II rероrtѕ, with аvаіlаblе fіеldѕ jumріng frоm 24 to 65. A brief introduction to MiFID II/R Thе objectives оf MіFID II/R (Mаrkеt іn Financial Inѕtrumеntѕ Rеgulаtіоn and Dіrесtіvе) аrе […]

The ESMA Mandate: Impact of iXBRL and ESEF for listed companies in the EU

05/16/2018 ||By: Shabeer

Digitisation is the norm everywhere; including the agenda from European Securities and Markets Authority (ESMA), pushing for better utilisation of technology in reporting and compliance. The goal being to ensure listed companies within the EU are preparing their annual financial reports in a unified electronic reporting format. The ESMA has unveiled the first details of […]

CRD IV – how the MiFID II shake-up might affect it

01/24/2018 ||By: Charles A

MiFID II has barely been unrolled and the European Commission is already considering further legislation on prudential requirements. Some of the proposals affect the Capital Requirements Directive IV (CRD IV). Any legislative changes are unlikely to happen before the next European parliamentary elections in 2019, but could be in place the following year. By then, […]

MiFID II – how is it shaping up?

01/23/2018 ||By: Natasha

Following its rollout on 3 January, how is MiFID II working on the ground? It’s fair to say it’s not been completely smooth so far. The European Securities and Markets Authority (ESMA), which is the watchdog for the EU’s assorted markets, said there had been few problems on launch day, but despite repeated warnings, many […]

MiFID II – How to meet the recording requirements

12/18/2017 ||By: Charles A

With less than a month to go before 3 January, when MiFID II will be implemented, there is only one question for you. Are you ready? Time is running out when you factor in the Christmas break, which this year will be 10 days. That gives you just 11 working days to get your firm’s […]

MiFID II Transparency

11/23/2017 ||By: Charles A

ESMA updates guidance on investor protection and MiFIR data reporting   The European Securities and Markets Authority (ESMA) updated its guidance on transparency for both MiFID II and MiFIR in mid-November. Here we take a look at some of the changes and what they mean, in time for the compliance deadline of 3 January 2018. […]

MiFID-II Reporting Technology

11/16/2017 ||By: Natasha

With the final compliance date for MiFID II and MiFIR looming fast, for 3 January 2018, no firm should be delaying getting its reporting systems into placed ahead of that deadline. MiFID II greatly extends what you need to report on, as it now covers almost all financial instruments. Here’s a quick overview of what […]

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