Art. 26 Transaction Reporting (APA)

The transaction reporting obligation under MiFIR is defined in Article 26 and requires investment firms and trading venues to report all changes to their or their clients’ positions in certain financial instruments by the end of the following business day (T+1). Either directly to their respective National Competent Authority (NCA) or to an Approved Reporting Mechanism (ARM)2

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What is the reporting obligation?

Financial instruments in scope of the regulation are:

As transaction reporting obligations are contained in the MiFIR regulation, there cannot be differing implementation between European nations. MiFIR imposes transaction reporting obligations in respect of specified transactions in financial instruments where the underlying instrument is traded on a European Economic Area (EEA) trading venue.

It is important to note that where an EU investment firm has executed its transactions via a UK branch or vice versa, the entity will have a dual reporting obligation. The FCA has made it clear post-Brexit that the branch will no longer be able to discharge the reporting obligations by transmitting orders to the other entities.

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Reduce your costs with our unified SaaS platform that streamlines your processes.

Who is required to report?

Transaction reporting obligations extend to:

When do reports have to be made?

All trades must be reported in T+1.

What is a trading venue?

Under MiFID II, there are 3 categories of trading venue:

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A platform that helps you focus on what matters.

deltaconX provides highest flexibility by supporting multiple jurisdictions within a unified platform.

Integrated MiFIR Reporting

The deltaconX SaaS platform offers the capability to incorporate these MiFIR requirements into our unified and standardised workflow, which simplifies compliance by only highlighting the actual areas requiring attention.

Instead of needing expensive in-house expertise, or needing to sacrifice time and resources on ensuring compliance – deltaconX automations actually reduce manual efforts by up to 80% while providing an unprecedentedly clear TCO.

Evergreen Compliance is Futureproofed Compliance

As the regulatory reporting bodies start to move their focus away from data completeness towards data quality, remaining compliant will prove to become a bigger challenge over time.

Regulatory Reporting EMEA might be predictable, but as Brexit proved there are always surprises on the horizon – which makes the predictability of the deltaconX platform ideal when it comes to MiFIR reporting.