TRAction's Reporting Recap - January 2024
EMIR Refit: Unique Product Identifier (UPI)
EMIR Refit will see the introduction of a new field – the Unique Product Identifier (UPI). The UPI is being added to EMIR , as well as other regimes such as ASIC , MAS and CFTC derivative reporting so as to more closely align regulation worldwide.
RTS27 and 28 - The 2024 Status of These Reports in UK and EU
RTS 27 and 28 reports - do you still have to submit these? Due to the separation of EU and UK requirements, the pathways to the intended abolition of these reports by both ESMA and the FCA are running separately and with different timings. TRAction summarises the current status of each report across both regimes in our recent article.
From a Regulatory Perspective, where is Gibraltar?
Do you know Gibraltar's current regulatory status post-Brexit? Does it still sit under ESMA? Brexit had a significant impact on Gibraltar and as a result, it was removed from the EU and faced a similar regulatory shift to the UK. TRAction explores Brexit's impact and the current reporting obligations and jurisdiction that Gibraltar now falls under.
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Common Mistakes in ASIC OTC Derivatives Trade Reporting
TRAction has identified a few common mistakes in ASIC trade reporting data. It is important to ensure the completeness and accuracy of your ASIC trade reporting through the following:
What Do Reported Trades in Australia Say About Our Brokerage?
Under ASIC’s Reporting Rules, most Australian margin FX and CFD brokers are Reporting Entities that are required to report their transactions as they are considered to be over-the-counter (OTC) derivatives.
We take a look at what a trade repository or ASIC can surmise about your business from the data they receive.
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