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MiFID II is coming! – part 2: reporting obligations

23 Oct 2017

MiFID II is coming! – part 2: reporting obligationsDeutsche Börse Group has you well prepared

European financial markets are facing fundamental changes. The level of regulation is increasing. For market participants, this translates into tightened transparency and reporting obligations for almost all kinds of transactions. A wide range of new requirements have to be fulfilled with regard to both pre-trading and post-trading. In many places, preparations are already well underway, as the next key date is just around the corner: on 3 January 2018, the revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) will take effect as applicable law. Under MiFID II and MiFIR, the previously applicable reporting and designation obligations will be extended to cover almost all financial instruments and apply to all investment firms: a massive challenge for our market participants.

The Regulatory Reporting Hub has been developed by Deutsche Börse Group in close collaboration with customers as a comprehensive reporting solution on a single platform that enables market participants to meet their regulatory transparency and reporting obligations, e.g. with regard to MiFIR Transaction Reporting.

The data provided by clients is enriched with transaction and reference data, which is transmitted automatically to the Regulatory Reporting Hub from Deutsche Börse’s respective trading systems and the ESMA data pool. The Hub checks the data and generates complete and validated reports, which are then submitted to the national competent authorities (NCAs). The Regulatory Reporting Hub is connected to all relevant NCAs across Europe.

In addition, the Hub renders further services such as MiFID II OTC Trade Reporting for the fulfilment of post-trading transparency requirements in over-the-counter trading as well as SI services for systematic internalisers or MiFID II Best Execution Reporting services. Moreover, all market participants are allowed to use the Hub, regardless of whether they trade on Deutsche Börse platforms.

In short: Deutsche Börse has you well prepared for MiFID II and MiFIR.

Do you have any further questions? Please do not hesitate to contact us! For more comprehensive information on your specific area of activity and for the relevant contact data, please see the links below.

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