TRAction Fintech (4)

TRADE REPORTING
SIMPLIFIED

London I Sydney I Singapore I Hong Kong

New Regulatory Obligations

The Markets in Financial Instruments Directive II (MiFID II) and Markets in
Financial Instruments Regulation (MiFIR) are the directive and regulation that
aim to increase transparency across the European Union's financial markets
and standardise the regulatory disclosures required for particular markets. The
new reporting regime comes into force on 3 January 2018.

The European Markets Infrastructure Regulation (EMIR) is EU regulation
governing the conduct of the OTC derivatives market. In November 2017, the
new Regulatory Technical Standards (RTS) and Implementing Technical
Standards (ITS) will come into force, creating significant change for EMIR
trade reporting.

Reporting firms should plan their trade reporting processes in advance in order
to meet compliance obligations.

EMIR, MiFID II What are the
and MiFIR transaction reporting

Compliance obligations for OTC
obligations derivative trades?

MiFIR requires two types of
reporting, commonly known as:
trade publication (near real time)
and Transaction reporting (T+1).

The transaction reporting
component of MiFID II is similar
to MiFID I transaction reporting,
with the addition of extra fields
and covering a broader scope of
financial products.

Where do my MiFID II
and MiFIR
reports go; do I
Reporting options
need to report to an

ARM or NCA?

Under MiFIR reporting regulations,
a broker can choose to report
directly to their National Competent
Authority (FCA, CySec, BaFin etc),
through an Approved Reporting
Mechanism (such as UnaVista, and
TRAX) or use a delegated reporting
agent like TRAction Fintech.

Even for the most well-prepared
and resourced compliance
departments, navigating the MiFID
II legislation can be confusing and
frustrating. That's why smart
brokers use TRAction Fintech.
Trade Reporting Simplified.
.

Delegated reporting

The advantage of using a
company like TRAction Fintech is
the additional services, advice,
support and industry knowledge
provided as part of the services.

TRAction There are many
Fintech options, software

Trade Reporting providers and
Simplified consultants

Data extraction, Since EMIR reporting obligations
conversion and went live in February 2014, many
enrichment companies have sprung up. Some
have a software package to help
Reporting trades with data extraction and
on your behalf conversion. Some offer consulting
on how the complex regulations
Compliance affect you as a broker and the
consulting specific products you offer.
TRAction Fintech is different. We
We are not just an IT offer a complete end-to-end
company, a compliance solution.
consulting company or
It will also save
a reporting agent, we you money
are all 3 rolled into one
TRAction Fintech only charges
That’s why our clients find that you for your MiFIR transaction
they save approximately 40 man reporting. There are no
hours per month and have a additional fees for software,
higher degree of confidence in setup or consulting, saving you
the fact they are compliant. time and money.

TRAction Fintech's
Services

How about Some background on
the price? TRAction Fintech

By reporting through TRAction TRAction Fintech is headed by Quinn
Fintech, you only pay the same Perrott, former GM at AxiTrader and
price as reporting directly to one of Sophie Gerber who also operates a
the major ARMs but you get all the well-known compliance and legal
help, support, advice and consultancy firm for financial services
technology included. businesses.

Our pricing starts at £2,000 per TRAction Fintech is already a major
year (including 111,111 provider of regtech solutions to the
transactions). We don't seek to Australian market and currently works
lock you in to extended contracts. for over 40 OTC derivative brokers.
We believe that good service and We are a specialist company,
looking after our clients should be regulatory reporting is all we do so we
enough to keep them 'Locked in'. are very good at it.

GET IN TOUCH

tractionfintech.com
UK: +44 20 8050 1317
[email protected]