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Deutsche Börse offers MiFID II/MiFIR reporting solutions

14 Jul 2017

Deutsche Börse offers MiFID II/MiFIR reporting solutions

The Second Financial Market Amendment Act (Zweites Finanzmarktnovellierungsgesetz, 2nd FiMaNoG) was published on 23 June 2017. It transposes MiFID II and adapts MiFIR into German law before they become effective on 3 January 2018. With its Regulatory Reporting Hub, Deutsche Börse offers comprehensive solutions to meet the obligations under MiFID II/MiFIR.

With the 2nd FiMaNoG, a number of EU rules are transposed into German legislation: rules which were developed on the EU level in the wake of the financial crisis to improve the integrity and transparency of financial markets as well as investor protection. Many of them govern topics such as financial market infrastructures, the regulation of trading venues as well as changed rules for investment firms and financial instruments. A crucial topic of MiFID II and, of course, of the 2nd FiMaNoG is the expansion of disclosure and reporting obligations to include important market data. For that purpose, new data reporting services providers will be established.

Achieving compliance with an increasing number of regulations poses a major challenge to market participants as they face expanded and additional disclosure and reporting obligations. Deutsche Börse Group has extensive long-standing experience in delivering regulatory reporting solutions as well as in managing the dissemination of time-critical data.

Our Regulatory Reporting Hub combines our comprehensive solutions for regulatory compliance on a single platform. The Hub enables investment firms (sell-side and buy-side clients, corporates) as well as trading venues to meet their regulatory obligations efficiently and reliably. This includes Europe-wide reporting to all relevant national competent authorities as well as fulfilling transparency requirements. Having applied for ARM (Approved Reporting Mechanism) and APA (Approved Publication Arrangement) status, Deutsche Börse Group and its Regulatory Reporting Hub will cover a wide range of service solutions to meet obligations under MiFID II/MiFIR.