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EMIR, Mifid, Uncategorized

MiFID II ARMs approved by FCA – but more streamlining is desired

The UK’s Financial Conduct Authority has approved four Authorised Reporting Mechanisms (ARMs), which can be used for MiFID II Transaction Reporting, which Investment Firms must carry out as specified in RTS 22. Several Approved Publication Agents (APAs) have already been approved for Trade Reporting. The approvals can be found here.

With just over 3 months until the start of MiFID II, the approvals are welcome. Never the less many are keen to streamline the various types of reporting across MiFID II, EMIR and other reporting regimes. This was highlighted in a speech made by Patrick Pearson, head of unit, financial markets infrastructure, DG FISMA at the European Commission at a recent ISDA event and as reported here by Shanny Basar on the Markets Media web site.

The EMIR Review covers several changes intended to make reporting easier for non financial counterparties (see here). However, a major change to EMIR reporting starts on 1sr November 2017(see here), prior to any of the review changes taking effect. This post by Jo Hide of REGIS-TR on LinkedIn looks at some of these changes.

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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