
The PIMFA Transaction Reporting Academy 2024
Live, tutor-led online sessions, with our partners Kaizen Reporting
The challenge
Accurate and complete transaction reporting is a legal obligation. Yet many financial firms, even those with significant resources dedicated to this complex requirement, are falling short of regulatory expectations. Quality assurance testing by regulatory specialists Kaizen have found that only 13% of MiFID II transactions are reported accurately.
The consequences of incorrect reporting are serious and include regulatory scrutiny and sanctions, as well as the significant cost and resource involved in remediating incorrect reports.
The solution
The PIMFA Transaction Reporting Academy (TRA) is an innovative, practical and results-focused learning experience that augments your core reporting skills while deepening your knowledge in key areas of the MiFIR reporting requirements.
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Session 1: 27 February
Session 2: 5 March
Session 3: 12 March
Session 4: 19 March
Session 5: 26 March
Overview and how to report by trading scenario
- Overview of key reporting requirements
- Reporting of specific trading scenarios (using practical examples)
- Order from single client vs grouping client orders
- Direct Electronic Access (DEA)
- Article 4 transmission
- Instruments traded on an organised platform outside UK & EU
- Changes in notional
- Complex trades
- Branch reporting
- Hedging through Contracts for Difference (CFDs)
- Q&A
Transaction reporting by instrument type
- Reporting of transactions by instrument type
- Equities & equity related
- Bonds & Options
- Contracts for Difference (CFDs) & Spreadbets
- Credit Default Swaps
- Equity swaps
- Total Return Swaps / Interest Rate Swaps
- FX forwards
- FX swaps
- Commodity based derivatives
- Emission allowances
- Q&A
Common issues & Remediation
- Reporting issues
- Common reporting errors / Valid but wrong / tricky fields
- Communicating with regulators
- Remediation (replaying transactions / back-reporting)
- Q&A
Systems & Controls and Corporate Actions
- RTS22 Article 15 walk through
- How to build a robust transaction reporting control framework
- Forthcoming regulatory change (EU MiFIR & UK MiFIR)
- Content and timetable
- Corporate actions and events (reportability and population of key fields)
- What is a corporate action?
- Are corporate actions reportable?
- ESMA Q&A relating to corporate actions
- Reportability of common types of corporate actions
- How corporate events should be reported