New and changing regulations, CME Group’s decision to exit regulatory reporting, and the pandemic were key reasons for transaction reporting failures.
Tag: Transaction reporting
New data discloses around 15% of UK investment firms have notified FCA of errors or omissions in transaction reporting under MiFID II.
Firms are at risk of fines for MiFID II transaction reporting failures, as almost 70% state they have received no feedback at all from regulators on submissions.
Firms have been urged by the FCA to take reasonable steps to prepare with post-Brexit MiFID and EMIR reporting requirements.
Goldman Sachs is handed largest penalty to date by the FCA after the watchdog found errors in more than 200 million transaction reports.
The FCA hands UBS largest MiFID transaction reporting fine to date after more than 130 million reports were found to be inaccurate.
Transaction reporting solution for buy- and sell-side firms aimed at fulfilling compliance requirements for EMIR, MIFIR, Dodd-Frank.