Reporting for Duty: The Growing Reporting Burden of MiFID II
MiFID II expands the scope of trade and transaction reporting requirements, leaving some firms struggling to comply.
With less than a year to go until MiFIR/MiFID II extends its reign over the European Union, firms’ preparations for transaction reporting should be well under way, experts agree. Larger buy-side firms, in particular, may have to grapple with data sourcing issues, and unfamiliar tasks and workflows. So what is required of firms, and at what stage should they be in their preparations?
MiFIR widens the scope of transaction reporting, pulling more asset classes and thus entity types into the scope
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