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Transaction reporting: Difference between revisions
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Under {{tag|MiFID}} {{tag|FX}}, [[commodities]] and interest rate products are not in scope. Under EMIR FX, commodities, credit, interest rate and equity products are all covered. | Under {{tag|MiFID}} {{tag|FX}}, [[commodities]] and interest rate products are not in scope. Under EMIR FX, commodities, credit, interest rate and equity products are all covered. | ||
In a {{nutshell}}: | |||
1. Competent authorities must monitor investment firms to ensure that they act honestly, fairly, professionally and act to promote the integrity of the market. <br> | |||
2. investment firms must hold for five years' data on all transactions they have handled including full client identification. <br> | |||
3. investment firms must report to the competent authority by close of the following working day all transactions in {{tag|financial instruments}} admitted to trading on a {{tag|regulated market}}, whether or not carried out on a {{tag|regulated market}}. <br> | |||
4. This includes names and quantities of instruments traded, the time and date of execution, price and the investment firm concerned. <br> | |||
5. Reports must be made by the investment firm, a third party acting on its behalf, or an approved trade reporting system. Where reported by the market or a trade reporting system, the investment firm's obligations may be waived. <br> | |||
{{eudirsnap|25|MiFID}} | {{eudirsnap|25|MiFID}} | ||
{{anat|MiFID}} | {{anat|MiFID}} | ||