Regulatory Reporting

At LSEG Post Trade, we cover more than you’d expect. We partner with you across the trading life cycle to help you manage scarce resources, mitigate risks and navigate regulation. With LCH’s clearing services, Post Trade Solutions, including Acadia - An LSEG Business, Quantile - An LSEG Business, and SwapAgent, and Regulatory Reporting (formerly UnaVista), whatever your journey through financial markets, we’ll get you to where you want to be. Find out more: https://lseg.group/3JEE3mj #LSEGPostTrade #LCH #Acadia #Quantile #RegulatoryReporting

This is a new field that will identify the date on which the transaction becomes effective. For debt, this will be the settlement date; for derivatives, it will be the future start of the contract. If unspecified, it should be equal to the transaction execution date (i.e., trading date and time). Contact us to learn how we can help you navigate reporting requirements, or visit our website: https://lseg.group/4cARMqe #Fieldoftheweek #RegulatoryReporting #LSEGPostTrade #LSEG #MiFIR

Updates to #EMIR and #MiFIR have led to additional compliance and data management challenges for reporting firms. Meanwhile, regulators’ ability to spot incorrect data has improved – making it more crucial than ever for firms to submit accurate, timely and comprehensive reports. To see how firms can derive greater value from their reporting, dive into our insights here: https://lseg.group/3CNISte

The #FCA is seeking feedback on their discussion paper (DP24/2) to improve their transaction reporting regime. #Feedback is welcomed until the 14th February 2025: https://lseg.group/3OdkhAN #LSEG Post Trade can help you streamline your reporting process, gain control over reporting accuracy and improve data quality. To find out how we can simplify your regulatory reporting, visit: https://lseg.group/3zRMWaP

How should the Counterparty 2 reporting field be updated? The EMIR and APAC (ASIC, JSFA and MAS) reporting regimes have different rules governing how to update the Counterparty 2 field. EMIR does not allow Counterparty 2 to be updated after NEWT has been reported. ASIC, JFSA and MAS allow Counterparty 2 to be corrected using the “CORR” Action Type. Contact us to learn how we can help you navigate reporting requirements, or visit our website: https://lseg.group/4bbBnbb #Fieldoftheweek #RegulatoryReporting #LSEGPostTrade #LSEG #EMIR

Field 3a: A new field designed to capture the identification code of non-EEA venues and off-venue trades, including involved parties in the case of off-venue executions. This is highlighted from page 30 of the consultation. Read more here: https://lseg.group/4fwcJVa Contact us to learn how we can help you navigate reporting requirements, or visit our website: https://lseg.group/4cARMqe #Fieldoftheweek #RegulatoryReporting #LSEGPostTrade #LSEG #MiFIR

The FCA has released their latest Market Watch Newsletter, Market Watch 81. Read more here: https://lseg.group/3UGjj3M In this edition, the #FCA examines the root causes of issues identified in #MiFIR transaction reports, highlighting that reporting issues often stem from weaknesses in: - Change management - Reporting process and logic design - Data governance - Control framework - Governance, oversight, and resourcing To check if you’re following the latest guidance and how #LSEG can help you meet your obligations, visit: https://lseg.group/3Jce59B

Field 64: We do see breaks around this field, specifically where the financial instrument reference data (#FIRDS) indicates an instrument is a commodity but where the firm has not completed the indicator. Firms should always check the FIRDS reference data before submitting a transaction report. The reference data set can be updated by venues and SIs and republished, so values such as commodity derivative indicators can change. Contact us to learn more or visit our website: https://lseg.group/4cARMqe #Fieldoftheweek #RegulatoryReporting #LSEGPostTrade #LSEG #MiFIR

This weekend, clocks in the UK fall back one hour to Greenwich Mean Time (GMT). While you might need to physically adjust your clocks at home, remember that the time fields for #MiFIR transaction reporting should continue to be populated in Coordinated Universal Time (UTC).   #LSEG Regulatory Reporting’s MiFIR Data Analytics can help you check for common errors, such as the clock change, as well as monitor for data quality errors in your MiFIR reporting. Our Data Analytics also allow you to demonstrate to regulators that you have reporting controls in place, as both controls and monitoring procedures are mandated by the regulation. To find out more, visit: https://lseg.group/48jSVC2

Field 28: The requirement to provide accurate date and time is important for monitoring market abuse. Market conditions can change rapidly, especially if the market is volatile. There are a number of regulatory texts that specify the requirements for time accuracy. We see through additional services several breaks on execution timestamp. Commission Delegated Regulation (EU) 2017/574: https://lseg.group/4eSalZ9 Contact us to learn more or visit our website: https://lseg.group/3QsRlap #FieldOfTheWeek #RegulatoryReporting #LSEGPostTrade #LSEG #MiFIR