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13

Dec 2024

FCA Discussion Paper – Improving the UK transaction reporting regime

As we have already noted in a previous blog post, with the departure of the UK from the EU, it was expected that at some point the transaction reporting regimes of both jurisdictions would begin to diverge. Now it appears that this process is picking up steam, as the FCA and ESMA are

13

Dec 2024

ESMA Consultation Paper – Review of RTS 22 on transaction data reporting under Art. 26 and RTS 24 on order book data to be maintained under Art. 25 of MiFIR

As we have already noted in a previous blog post, with the departure of the UK from the EU, it was expected that at some point the transaction reporting regimes of both jurisdictions would begin to diverge. Now it appears that this process is picking up steam, as the FCA and ESMA are

21

Oct 2024

Ensuring Client Interests: The Imperative of Best Execution Monitoring

Recent actions by regulatory authorities have highlighted the critical need for investment firms to prioritise the protection of their clients' interests. ESMA introduced Best Execution monitoring as part of MiFID I in 2007. Since then, standards for complying with Best Execution have gotten

20

Sep 2024

Insights from the MAP FinTech Webinar: Preparing for the UK EMIR REFIT Launch

As the UK prepares for the launch of the EMIR REFIT on September 30th, MAP FinTech hosted an informative webinar featuring key industry experts. The focus was on lessons learned from the EU EMIR REFIT rollout earlier this year and how these can be applied to ensure a smooth transition in the

15

Jul 2024

UK EMIR REFIT: Key Changes and Reporting Deadlines

The UK Financial Conduct Authority (FCA) and the Bank of England (BoE) are set to implement significant updates to the reporting requirements for over-the-counter (OTC) derivatives under the UK EMIR REFIT framework, which will come into effect end of September 2024. These changes aim to align the

25

Jun 2024

MAS Rewrite: Key Changes and Reporting Deadlines

The Monetary Authority of Singapore (MAS) is set to implement significant updates to the reporting requirements for over-the-counter (OTC) derivatives in October 2024, harmonising Singapore’s Derivatives’ Reporting regime with the IOSCO-CPMI critical derivatives elements work. With the

06

Jun 2024

Additional Instruments Captured by updated EU MiFIR – an overview

Instruments captured by EU MiFIR reporting, divergence from UK MiFIR requirements With the departure of the UK from the EU it was expected that at some point, the EU and the UK regulatory regimes will start diverging. With Regulation 2024/791 amending MiFIR, the EU has introduced new

22

May 2024

Unique Product Identifier: Crypto-asset identifiers

Unique Product Identifier: Crypto-asset identifiers As we had discussed in previous blog entries regarding the UPI and the technical data on how to generate the UPI, we now turn our focus on a specific aspect of the UPI. UPI for derivatives on crypto-assets. As mentioned in our

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