AMF Platform Processed 3 Million Mifid II Reports in Five Days
The French regulator’s ICY platform debuted along with Mifid II on January 3, and by January 8, it had processed 3 million trade and transaction reports from over 50 firms in France.
AMF’s platform started receiving reference data from the European Securities and Markets Authority (Esma) last summer, as the French regulator was rehearsing for the trade and transaction reporting rules under the revised Markets in Financial Instruments Directive and Regulation (Mifid II). In November 2017, the system accepted data from Euronext and on January 3, investment firms started submitting their transaction reports.
“It’s a very ambitious project that regroups all sources of data,”
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