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Transaction reporting: Difference between revisions
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Note also Article 9(1) of {{t|EMIR}} requires all counterparties and [[CCP|CCPs]] to report the details of any [[derivative contract]] that they have concluded, as well as any modification or termination of such a contract, to trade repositories. | |||
'''Transaction reporting of all transactions in financial instruments before the close of business on the day after transaction''' is imposed on investment firms by Art. {{eudirprov|25|MiFID}} of {{tag|MiFID}}. A transaction report comprises a set of fields including all descriptive information relating to each trade made by a firm over the course of a period, usually a day. Exemptions do exist for certain classes of trades. Under {{tag|MiFID}} the transaction report is made via an [[approved reporting mechanism]] (ARM) on a T+1 basis. Under {{tag|EMIR}} the transaction report is made to a trade repository, also on a T+1 basis. | '''Transaction reporting of all transactions in financial instruments before the close of business on the day after transaction''' is imposed on investment firms by Art. {{eudirprov|25|MiFID}} of {{tag|MiFID}}. A transaction report comprises a set of fields including all descriptive information relating to each trade made by a firm over the course of a period, usually a day. Exemptions do exist for certain classes of trades. Under {{tag|MiFID}} the transaction report is made via an [[approved reporting mechanism]] (ARM) on a T+1 basis. Under {{tag|EMIR}} the transaction report is made to a trade repository, also on a T+1 basis. | ||