Blogs

ESMA has provided guidelines on reporting of derivatives on crypto-assets as part of EMIR Refit guidelines so it is now clear that crypto derivatives are required to be reported removing any ambiguity. A new field is introduced by the regulator to identify such derivatives. Scope of reporting is expanded to only those derivatives on crypto-assets …

Read more "EMIR Refit is expanding scope of derivatives reporting and now includes Crypto derivatives reporting."

Emir Refit UPI – In this blog we take a look at the newly introduced field UPI. ANNA DSB defines UPI as “UPI stands for ‘Unique Product Identifier’ and is designed to facilitate effective aggregation of over-the-counter (OTC) derivatives transaction reports on a global basis”. A Unique Product Identifier (UPI) is a unique code that …

Read more "Getting ready for EMIR REFIT (UPI) – Unique Product Identifier (UPI)"

Emir Refit – UTI stands for Unique Trade Identifier, which is a unique identifier assigned to a trade in order to report trade data to trade repositories. The UTI is a critical component of the trade reporting process under EMIR REFIT, as it helps ensure the accuracy and integrity of the trade data that is …

Read more "UTI reporting changes in EMIR REFIT"

The European Market Infrastructure Regulation (EMIR) Refit go-live dates have been annou   nced for the EU and the UK. EMIR trade reporting obliges all companies engaged in over-the-counter (OTC) and exchange-traded (ETD) derivatives trading to report the trades and valuations to a repository. The regulation applies in the European Union (EU-EMIR) and the United Kingdom …

Read more "EMIR Refit reporting starts in April and September 2024 – what it means for companies"

We are observing a trend in the market of firms developing in-house back reporting platforms.  Bespoke in house developed platform may not be the most effective solution for the back reporting  problem. We believe our always-on automated secure software-as-a-service back reporting platform  can solve this problem in a much more efficient and faster way.  Here …

Read more "Another success story in MiFID II Back Reporting"

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

ESMA’s latest report reveals a substantial surge in penalties and corrective actions linked to MiFID II non-compliance across Europe in 2020 when compared to the previous year. Here are some key findings from the report: Quadrupled Sanctions: The number of sanctions and remedial actions, as imposed by national competent authorities (NCAs) across Europe, experienced a …

Read more "MiFID II penalties quadrupled to €8.4 million in 2020"

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.