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MiFID II Record Keeping: Ensuring Compliance with Speed & Accuracy

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Under MiFID II, financial firms are required to maintain accurate and complete records to comply with regulatory obligations. However, many firms struggle with slow response times and poor data quality when providing information to regulators—sometimes taking more than six months to respond to a request.

With increasing regulatory scrutiny, firms must ensure their order and execution records are stored in a way that allows for quick and accurate retrieval. This is where Reg-X Innovations’ RegData Record Keeping solution makes all the difference.
Understanding MiFID II Record Keeping

MiFID II’s record-keeping requirements are outlined in:

  • RTS 24 – Covering order record-keeping and transaction reporting.
  • Annex IV – Orders – Ensuring firms store detailed client order data.
  • Annex IV – Executions – Requiring firms to retain execution records for regulatory oversight.

The challenge for firms is not just storing this information but also ensuring rapid access and high-quality data when responding to regulatory inquiries.

The Challenge: Slow & Inefficient Regulatory Responses

Currently, when regulators request MiFID II record-keeping data, firms often take months to provide a response. This delay is due to:

✔ Fragmented data storage – Data is scattered across multiple systems, making retrieval complex.
✔ Poor data quality – Missing or inconsistent records lead to compliance risks.
✔ Manual processing – Firms rely on outdated methods, slowing down response times.

This inefficiency not only frustrates regulators but also puts firms at risk of non-compliance, potential fines, and reputational damage.

The Solution: RegData Record Keeping by Reg-X

RegData Record Keeping transforms the way firms store, retrieve, and manage regulatory records under MiFID II. With our solution, firms can:

✅ Respond to regulators within minutes – Instead of waiting months, data can be retrieved and shared almost instantly.
✅ Ensure best-in-class data quality – Eliminates gaps, inconsistencies, and errors in record-keeping.
✅ Streamline compliance operations – Reduces the workload for compliance, regulatory operations, and regulatory technology teams.

By using RegData Record Keeping, firms can increase efficiency, reduce compliance risks, and build regulator trust.

Why Choose Reg-X for MiFID II Record Keeping?

At Reg-X Innovations, we understand the complexities of RTS 24, Annex IV – Orders, and Annex IV – Executions. Our solution is designed to:

✔ Automate record retrieval – No more manual searches or lengthy processes.
✔ Enhance data accuracy – Ensures clean, structured, and regulator-ready records.
✔ Support regulatory audits effortlessly – Be prepared for any regulator request with minimal effort.
Stay Ahead of MiFID II Compliance Challenges

Regulators expect firms to respond faster and with greater accuracy—and RegData Record Keeping makes that possible. Instead of struggling with slow response times and unreliable data, firms can leverage automation and cutting-edge technology to meet their compliance obligations with ease.

Don’t let outdated record-keeping hold your firm back. Contact Reg-X Innovations today to see how RegData Record Keeping can revolutionise your compliance strategy.