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A third of firms are getting transaction reporting wrong

It has been over four years since MiFID II regulations were introduced, many firms are still not fulfilling basic reporting requirements. The regulators 2021 figures have shown that over 1,000 error and omissions forms have been submitted every year since the introduction of MiFID II, whilst a poll from financial consultancy firm Bovill suggested a third of firms indicating their reporting processes and systems are not fit for purpose.

Something must change….

This live online training session led by experts in their field will give you the knowledge and confidence that your firm’s transaction reporting processes are compliant with regulatory requirements.

Particular focus will be on the key areas PIMFA member firms have raised in recent working group meetings including:

Regime perimeter
o Current situation: EEA TOTV/uTOTV
o Brexit: Regime splitting in two (per current thinking)

The fundamentals
o Identifying your counterparty
o Reporting your part of the chain
o Aggregation and allocation

Key report fields
A run through key fields in the reports that have caused problems, including:
o Buyer/Seller decision-maker code
o Investment decision within firm
o Execution within firm

Common problems
o FIRDS data gaps
o Determining reportability of OTC transactions
o Dealing with ARM rejections

Reconciliation
o Requirement to ensure accuracy of reports
o Industry approach to this
o Sourcing data from the FCA

 

Eoghan Hartigan
Managing Consultant
Bovill Limited

Booking and Registration Information

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Tickets

Details

Date:
8th March
Time:
09:30 - 12:30
Cost:
£300 - £400
Event Categories:
,

Other

CPD Hours
3