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Transaction reporting: Difference between revisions
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''See also [[trade reporting]], an obligation imposed by {{tag|MiFID}} under Art. {{eudirprov|28|MiFID}}. '' <br> | ''See also [[trade reporting]], an obligation imposed by {{tag|MiFID}} under Art. {{eudirprov|28|MiFID}}. '' <br> | ||
Transaction reporting 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. | ||
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. | ||