Canadian Reporting
Our Canadian Reporting refers to a comprehensive Derivatives Reporting Service designed to ensure compliance, efficiency, and regulatory alignment, and to provide accurate and timely reporting for all derivatives transactions.
The Canadian Derivatives Reporting Rewrite will go live on July 25, 2025, introducing significant changes aimed at harmonising with global standards. Key updates include expanded validation rules, the introduction of the Unique Product Identifier (UPI) and Unique Transaction Identifier (UTI) standards, support for position-level reporting, and enhanced action/event combinations for more accurate lifecycle tracking. Notably, Trade Repositories (TRs) will set their own data formats, and outstanding trades under the previous regime must be updated post–go-live.
Challenges
- Analysis & interpretation of complex Canadian regulation and TR requirements
- Dedicated resources for technology, infrastructure and regulatory aspects
- Extra effort, time and costs required
Risks
- Lack of expertise that might lead to errors in your reporting
- Missing regulatory updates that may affect your reporting
- Limited capacity for daily monitoring of reporting and meeting the requirements
Key features
- Automated Reporting: Simplifies compliance with efficient, fully automated reporting workflows.
- Data Accuracy and Transparency: Rigorous validation processes for precision and enhanced audit trails.
- Scalable and Secure: Flexible architecture tailored for firms of all sizes, backed by advanced data security.
- User-Friendly Reporting Portal: Seamlessly report and monitor transactions with our intuitive Polaris Portal dashboard for complete control and management.
UPI Link Search Tool
Our UPI Link Search Tool allows firms to accurately align product attributes with existing Unique Product Identifiers (UPIs) in the ANNA-DSB database. This helps ensure that the correct UPI code is used for transaction reporting, minimising errors and supporting regulatory compliance.
Benefits
- Cost-efficient integrated reporting solution provided under a single platform
- Lower technology costs as a result of eliminating the need to connect to multiple TRs
- Integrated dashboard that provides a holistic view of all reports across all participants and TRs
- Single solution for all asset classes
- Comprehensive regulatory reporting IT infrastructure resulting in long term cost efficiencies
Solution Includes
- A team of specialists that will set up the service and provide training on extracting specific, relevant data as needed
- Canadian training throughout the implementation process to ensure that key personnel understand the regulation and process
- Support to answer any queries regarding the system and regulatory updates
- Integration with an authorised TR
- Daily tracking of reporting
MAP FinTech is actively supporting firms in preparing for the rewrite. Our solution covers end-to-end compliance: from validation logic integration and UPI/UTI management to legacy trade updates, TR connectivity, and position-level reporting.