Markets in Financial Instruments Directive
The Markets in Financial Instruments Directive (MiFID) transaction reporting requirement is in place to provide regulatory authorities with detailed information about your firm’s recent trading activities, to help them prevent market abuse and ferret out financial crime. However, tracking the relevant transactions and ensuring that the appropriate authority, regardless of jurisdiction, can be simplified into two distinct priorities – data and reporting.
Wolters Kluwer Financial Services provides the means to address comprehensively the collection of all necessary data combined with a robust reporting engine that will help your firm met the MiFID requirements of your specific regulator.
Data Collection
Collating data from multiple back office systems, our DataFoundation platform harnesses and validates the relevant transactions according to the defined specifications of the reporting authority.
While DataFoundation can be incorporated as a part of your company’s overall global risk and reporting solution, covering a wide range of information and analysis capabilities, for MiFID reporting DataFoundation isolates the needed information seamlessly. Our MiFID solution accurately extracts and authenticates the trading activities required for MiFID Transaction Reporting including:
- Delivery (DEL);
- Own Account Transfer (OAT);
- Stock Deposit (STD);
- Stock Withdrawal (STW); and
- Residual (RES).
Reporting
The ability to capture data and quickly construct an accurate and up to date Transaction Report within the Trade Date + 1 requirement is a critical feature for any solution. Using our reporting platform your firm can produce reports for various reporting authorities.
As more and more trading activities are added to the requirements (Multilateral Trading Facilities and OTCs), our unique Report Update Service (RUS) protects your firm against future requirement and report changes over time. Using RUS, we interpret, update and distribute the latest version of the required forms to ensure that your firm always files the most up to date Transaction Report.
For more information on how Wolters Kluwer Financial Services FRSGlobal can help your company met the MiFID transaction reporting requirement, please contact us.
