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The world of transaction reporting.

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Investitionsbank des Landes Brandenburg signs-up for SFTR

We are happy to welcome Investitionsbank des Landes Brandenburg (ILB) as our latest client signing-up for our SFTR reporting solution. ILB will use the deltaconX regulatory platform once its reporting obligation kicks-in beginning of 2021. Thomas Buk, CEO of deltaconX: “We are very happy that ILB has decided to use

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Breaking News ESMA Smooth 1st Day of SFTR

In these challenging times, European firms did receive a grain of good news. On 13th July, ESMA stated that it had received reports from trade repositories (TRs) indicating that the first day of reporting by financial and non-financial firms under the SFTR had gone smoothly. On Monday, the four SFTR-authorised

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ESMA Issues New EMIR MiFID II MiFIR Q&As

On July 8th, ESMA published three sets of revised Q&As covering specific aspects of EMIR, MiFID II, and MiFIR data reporting and transparency. The revisions take immediate effect. Regarding EMIR, ESMA’s updates focus on practical questions regarding Article 9 data reporting deadline issues involving the definition of ‘working day’ where

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ESMA Publishes its Final Guidelines on the MiFID II Compliance Function

On 5th June, ESMA published the final guidelines on the MiFID II compliance function. These guidelines replace the ESMA guidelines on the same topic issued in 2012, and include updates that enhance clarity and foster greater convergence in the implementation, and supervision, of the new MiFID II compliance function requirements.

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ESMA Publishes Updates on EMIR (Refit) and MiFID II MiFIR Q&As

On 28th May, ESMA published updates to some of its Q&As covering EMIR (Refit), MiFID II, and MiFIR. Of urgent interest was the update to the EMIR Q&A covering the imminent Refit changes around ‘compulsory delegation’. Specifically, ESMA has added a new Question 54 to the Trade Repository (TR) section,

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ESMA issues public statement on postponement of SFTR

ESMA issues public statement on postponement of the reporting obligations related to SFTs under SFTR and MiFIR. In order to mitiagte the impact of COVID-19 ESMA published the attached public statement to announce that SFTR reporting start date will be postponed. We understand that legally they offer a “grace period”

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ESMA published final SFTR level 3 guidance

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has released today the long-awaited Level 3 documents. They have published the following documents: The Final Reporting Guidelines, as well as the accompanying Final Report Amended SFTR Validation Rules, and A statement on LEIs granting a 12-month grace

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ESMA updates ISO 20022 XML schemas for SFTR Reporting

The European Securities and Markets Authorty (ESMA), the EU’s securities markets regulator, has published updated ISO 20022 XML Schemas to be used for reporting under the Securities Financing Transactions Regulation (SFTR). Link: https://www.esma.europa.eu/press-news/esma-news/esma-updates-iso-20022-xml-schemas-sftr-reporting

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PRA fines Citigroup’s UK operations £44 million for failings in their regulatory reporting governance and controls

The PRA has imposed a combined financial penalty on Citigroup Global Markets Limited, Citibank N.A. London branch and Citibank Europe Plc UK branch of £43.9 million for failings in relation to their internal controls and governance arrangements underpinning compliance with PRA regulatory reporting requirements. Full article:https://www.bankofengland.co.uk/news/2019/november/pra-fines-citigroups-uk-operations-44-million-for-failings Press release: https://www.bankofengland.co.uk/-/media/boe/files/news/2019/november/pra-fines-citigroups-uk-operations-44million.pdf?la=en&hash=5563730822D0D84D5717801180C6261A687B4D61

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AFM fines ABN AMRO for non-timely disclosure of inside information

On 13 November 2019, the Dutch Authority for the Financial Markets (AFM) imposed an administrative fine of €2,000,000 on ABN AMRO Bank N.V. The fine was imposed because in the period between 18 July and 13 September 2016 ABN AMRO failed to disclose inside information on time. Full article:https://www.afm.nl/en/professionals/nieuws/2019/nov/boete-abn-amro

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