mifid

Latest from the Blog

ESMA Sets the Stage for MIFIR RTS 22 Changes

ESMA’s MIFID Review reached the MIFIR RTS 22 Transaction Reporting part of the regulation with the issue of a Consultation Paper (link) on October 3rd. Approved in March of this year, the MIFID Review is a wide-ranging engagement by ESMA to re...
Read More
  • Sign up to our Newsletter

Compliance Blog

mifid
November 13, 2024

ESMA Sets the Stage for MIFIR RTS 22 Changes

ESMA’s MIFID Review reached the MIFIR RTS 22 Transaction Reporting part of the regulation with the issue of a Consultation Paper (link) on October 3rd. Approved in March of this ...
Cappitech Global UTI Connect
August 15, 2024

UTI and UPI Post JFSA and EMIR REFIT Go-Live

Those who have been following Cappitech newsletters and working groups, will be aware of the work that we have been doing in assisting clients with Unique Transaction Identifier (U...
August 8, 2024

Canadian Rewrite – Changes Coming to Canadian Trade Reporting

The long-awaited rewrite to the Canadian trade reporting rules has now been finalized and published by the Canadian Securities Administrators (CSA). This rewrite was very much expe...
August 1, 2024

Navigating the 2024 Regulatory Maze – Adapting Learnings for Outstanding Refits

2024 has long been anticipated as a year of notable regulatory change, with updates and refits across jurisdictions including* CFTC Phase 2, JFSA, EMIR (EU), EMIR (UK), MAS and ASI...
July 29, 2024

Expert Dialogues: Harnessing Managed Services to Optimize Upcoming Rewrite Changes

The final rules published by the Monetary Authority of Singapore (MAS) on 31st May 2024 came as no surprise as the industry has been in discussion for as early as two years ago. Fo...
May 2, 2024

Pirum and S&P Global Market Intelligence Cappitech extend collaboration to cover upcoming SEC 10c-1a regulation

Following the success of their collaborative SFTR solution, the firms have announced plans to leverage Cappitech data validation, event creation and regulatory connectivity with Pi...
ESMA 4th annual data quality report
April 25, 2024

ESMA releases 4th Annual EMIR, SFTR and MIFIR Data Quality Report

The European Securities and Market Authority (ESMA) issued their 4th annual data quality report earlier this month. The report covers 2023 data across EMIR, SFTR and MIFIR transact...
hkma
March 26, 2024

HKMA & SFC Issue Joint Consultation on Proposed Reporting Changes

Against the backdrop of a busy year with major jurisdictions going through OTCD revised changes, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (...
EMIR REFIT UK
March 21, 2024

FCA Launches Consultation Period to EMIR REFIT Q&A

Earlier this month, the Financial Conduct Authority (FCA), the United Kingdom’s (UK) financial supervisor released a call for feedback to Q&As they published on the upcoming ...
North America Go live-UPI Lessons Learned
March 18, 2024

CFTC Go-live UPI Lessons Learned

Phase 2 of the CFTC rewrite went live on January 29th, 2024, becoming the first region (including SEC and Canada) to introduce the Unique Product Identifier (UPI) for OTC derivativ...
March 5, 2024

Revised MiFID II/MiFIR texts are now EU Law: What do firms do next?

Historic news last week for firms impacted by EU-27 MiFID II/ MiFIR: after 3 years of review the European Council adopted revised rules designed to enhance the strength, resilience...
February 28, 2024

MAS FAQ Update: OTC Derivative Reporting Regulation Changes Explained

In preparation for the large change of technical standards and validations to their Over the Counter (OTC) derivative reporting regulation, the Monetary Authority of Singapore (MAS...
February 6, 2024

New ESMA Q&A’s Cover EMIR, REFIT and MIFIR Transaction Reporting Clarifications

On Friday, European Securities and Markets Authority (ESMA) released a new list of Q&A’s being made public (link). The Questions covered current European Market Infrastructur...
December 20, 2023

2024 Regulatory Reporting Trends and Predictions

2024 promises to be a bustling period for the global regulatory reporting community, marked by various key focus areas such as EMIR REFIT, CFTC Rewrite Phase 2, SEC 10C-1, ASIC...
December 7, 2023

2023 Annual Regulatory Reporting Survey findings

Embarking on its sixth consecutive year, our industry survey for regulatory reporting aims to capture the pulse of the industry, by providing valuable insights. This survey not onl...
November 17, 2023

Double Recognition: Leading the Way in North American Trade and Transaction Reporting

We are delighted to announce a remarkable achievement that underscores our commitment to excellence in trade and transaction reporting.  Our team has proudly secured two prestigio...
Mas Rewrite
October 24, 2023

Expert Dialogues: Navigating the MAS Rewrite Changes

With the MAS Rewrite changes scheduled for October 2024 — just one year away from now, we wanted to revisit some of the key discussions from our last in-person event in July. To ...
Cappitech Regulatory Reporting solutions: SEC 10c-1
October 17, 2023

SEC Adopts New Rule to Increase Transparency in the Securities Lending Market

Almost two years after the publication of the 10c-1 proposal for the reporting of securities lending transactions, on Friday October 13th the Securities and Exchange Commission (SE...
ESMA updates EMIR REFIT Validation rules
September 13, 2023

ESMA Publishes Updated EMIR REFIT Validation Rules and XML Standards

As we near the April 2024 go live date of EMIR REFIT, ESMA has published an updated version of their validation rules and XSD elements for the XML submission standards. The update ...
Mifid II regulatory reporting
September 12, 2023

Common errors along with new ones persist under MIFID II Reporting

Over the summer, the UK FCA published their periodical transaction reporting report, Market Watch 74 (link). The report, along with ESMA’s yearly reviews (link) is a must read fo...
August 31, 2023

Update on UK SFTR Validation Rules and XML Schemas

Earlier this month the UK FCA launched a consultation on several draft changes to UK SFTR validation rules and XML schemas. Industry feedback on the proposals can be shared directl...
JFSA Rewrite and Cappitech Solution
August 24, 2023

Rewrite of JFSA OTC Derivative Reporting Requirements

With the JFSA Rewrite to go-live on April 1st 2024, Cappitech has expanded its footprint into the Japanese market and has since been the leading solution domestically. We have gain...
a pivotal year in regulatory reporting
August 16, 2023

A Pivotal Year for Transaction Reporting

In the ever-evolving landscape of transaction reporting, 2024 looms as a pivotal year with six significant changes coming across multiple jurisdictions. These regulatory updates in...
July 13, 2023

Celebrating Success: Winning a Risk Technology Award

We are thrilled to share the exciting news that we have been awarded "Markets Regulatory Reporting System of the Year" at the Risk Technology Awards 2023, a prestigious industry aw...
June 8, 2023

Cappitech Wins Prominent US Award

At the Trading Tech Insight Awards USA 2023 held last week, S&P Global Market Intelligence Cappitech was very proud to be awarded Best Trade Reporting Solution. Cappitech is...
May 24, 2023

Learning More About MAS OTC Derivative Reporting Changes of October 2024

Advancing changes to OTC Derivative Reporting, the Monetary Authority of Singapore (MAS) last week released responses to their Consultation Paper and updated Reporting Guidelines o...
May 23, 2023

Double Triumph: Celebrating Two Prestigious Industry Awards in Europe

In May, we were extremely proud to have won two important awards in Europe – “Most Innovative Regulatory Solution” in the IRD and IMD 2023 Awards, hosted by Waters Technology...
ESMA collected data
May 11, 2023

What is ESMA doing with collected data? EMIR, SFTR, MIFIR Data Quality Report Sheds Answers

For those in the transaction reporting business, one of the highlights of regulatory information is ESMA’s annual data quality report. Starting with just EMIR in 2021, the report...
May 1, 2023

Complying with CFTC Verification Requirements: A Guide for Swap Dealers

CFTC Verification Requirements As regulators continue to increase their focus on data quality, reporting firms must ensure they have the necessary tools and processes to verify ...
April 28, 2023

US Securities Lending Rules Back in Focus

Almost 18 months ago, on 18 November 2021, the US Securities and Exchange Commission (SEC) issued a significant proposal to implement a new reporting regime in the US for securitie...
SFTR
April 26, 2023

SFTR Validation Rules Updated. Why and What Happens Next?

Highlights Checklist New SFTR Q&As published on 31 March 2023. New SFTR validations will come into force in Production from 11 September 2023. Updates were lighter t...
EMIR REFIT
April 24, 2023

EMIR REFIT Preparation: Reconciliation, Data Quality and the Errors & Omissions Form

A key part of the new EMIR REFIT technical standards is the goal by ESMA to improve data quality of submitting entities. One way of doing this is through the expansion of reconcila...
April 17, 2023

Driving Change and Innovation in the Regulatory Reporting Industry

It’s now over a year since we completed the merger of IHS Markit, including Cappitech, and S&P Global. As part of S&P Global Market Intelligence, the integration has been...
CFTC and UPI
March 8, 2023

CFTC Requires UPIs for Swaps Recordkeeping and Reporting

The U.S. will be the first jurisdiction to see reporting of the Unique Product Identifier (UPI) as the CFTC has recently set January 29, 2024, the date for market participants to s...
February 27, 2023

EMIR REFIT Preparation: FCA Go-Live Set & Divergence

A final piece of the REFIT puzzle was provided this past Friday as the FCA announced (link) a September 30th, 2024 go-live date for the UK’s version of the EMIR REFIT update to t...
ASIC regulatory reporting
February 7, 2023

Preparing for ASIC OTC Derivative Reporting Regulation Changes of October 2024

At S&P Global Market Intelligence Cappitech, we’ve been covering in-depth the upcoming EMIR REFIT changes. But, as presented in our End of the Year Regulation Webinar (link),...
January 24, 2023

Cappitech EMIR REFIT Update – Specs, Working Groups, Integrations and UAT

As we start the new year, Cappitech is hard at work preparing for the upcoming EMIR REFIT changes. We wanted to share a behind the scenes view of what we are doing to help our clie...
January 22, 2023

A Year of Regulatory Reporting Success & Insight

2022 was another busy year for the industry and for Cappitech. Throughout the year we were laser focused on preparing for the CFTC rewrite that went live on 5 December 2022, while ...
January 18, 2023

OFR Proposes New Reporting for Bilateral Repos in the U.S.

Over the past year, Cappitech has discussed that the pace of new regulations in the U.S. is picking up steam. The name of the game is transparency and investor protection. Just as ...
January 5, 2023

Updates Coming to JFSA Derivative Reporting in April 2024

2024 will be a busy year for regulatory reporting updates. Adding to the list of regulations being revamped in 2024 is Japanese Derivative Reporting governed by the JFSA. Following...
December 12, 2022

2023 Regulatory Reporting Trends and Predictions

2023/24 will be busy for the global regulatory reporting community with many focus areas, including EMIR REFIT, CFTC Rewrite Phase 2, SEC 10C-1, ASIC update, MAS Update and the...
December 7, 2022

Cappitech selected as a heavy hitter in transforming the regulatory technology sector

As we prepare for 2023 and the regulatory reporting changes we are looking ahead to, we are thrilled to see that our technology, approach and client-centric focus continues to pay ...
November 30, 2022

Preparing for EMIR REFIT – Optional Fields Becoming Mandatory

With the REFIT getting its 2024 go-live date last month (link), this month we are back with the EMIR REFIT preparation blog series. One of the coming changes is a large increase in...
November 15, 2022

2022 survey finds stark contrast between European and US financial regulation readiness

While the importance of global regulatory reporting continues to increase, there is a noticeable contrast between readiness across geographies, according to the S&P Global Mark...
November 8, 2022

Cappitech Starts November with Two Significant Industry Awards

November has kicked off with a bang, with the announcement on Friday, 4 November that we won two significant industry awards: Best Buy-Side Compliance Product – Regulatory Report...
October 18, 2022

Activity Never Stops

New Regulations, New Services and New Industry Collaborations With less than three months to go until the CFTC Rewrite deadline, we’re extremely pleased that most of our in-sc...
EMIR REFIT
October 7, 2022

European Parliament & Council Approves EMIR REFIT Technical Standards

Today, the European Parliament and Council approved the EMIR REFIT technical standards, and this has been published in the Official Journal of the EU. The implementation clock will...
September 22, 2022

Preparing For EMIR REFIT – Unique Product Identifier (UPI)

In this month’s EMIR REFIT preparation blog, we take a look at the newly introduced Unique Product Identifier (UPI) field. The UPI is part of a new group of common data elements ...
August 25, 2022

Preparing for EMIR REFIT – Should you start preparing?

There is no shortage of content discussing the upcoming EMIR REFIT update to technical standards and its addition of new fields, submission format and approach to lifecycle reporti...
August 17, 2022

CFTC Rewrite: Weathering the Storm Successfully

As the December 5th, 2022 deadline draws closer, the industry is working on implementing changes for the CFTC rewrite and moving into testing phase. Changes in the first phase incl...
July 28, 2022

Change Is the Only Constant in Regulatory Reporting

As summer sets in, and the traditional “quiet-time” for the financial services industry begins, we’re nonetheless aware that there’s a great deal happening on the regulator...
July 7, 2022

Key Takeaways from “The Future of Regulatory Compliance” New York Event

On June 14th, we hosted “The Future of Regulatory Compliance” client event in New York City. We welcomed clients and partners to hear from industry experts on key topics around...
June 28, 2022

Preparing For EMIR REFIT – More variety in the Collateralization field

Continuing in our monthly EMIR REFIT preparation blog, today we take a look at changes arriving to the collateralisation field. On the surface, the collateralisation field should b...
JFSA Rewrite
June 15, 2022

Latest Update on JFSA Go-Live Date

The JFSA will be implementing the revision of Article 156 of the Financial Instruments and Exchange Act as of April 2024. Key elements that have already been confirmed include: ...
Best Regulatory Solution of the Year Award
June 13, 2022

Winner of “Regulatory Solution of the Year” at Securities Finance Times Industry Excellence Awards 2022

Global Regulatory Reporting Solutions from S&P Global Market Intelligence was thrilled to be the recipient of the award for “Regulatory Reporting Solution of the Year” at l...
May 26, 2022

“Best Solution for Sell Side Regulatory Compliance” in RegTech Insight Awards Europe 2022

At today’s announcement lunch for the winners of the annual RegTech Insights Awards-Europe. We were proud to win “Best Solution for Sell-Side Regulatory Compliance”. Commenti...
May 25, 2022

Preparing For EMIR REFIT – The New Direction Fields Format

Last month S&P Global Market Intelligence Cappitech launched its EMIR REFIT preparing series. As we get closer to EMIR’s new technical standards that are set to go-live on 29...
EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation
April 27, 2022

Preparing For EMIR REFIT – New Counterparty Fields

At S&P Global Market Intelligence Cappitech, one of the areas of top questions we receive is about the upcoming changes to EMIR under the new technical standards for EMIR REFIT...
April 14, 2022

SFTR ESMA Review shows data quality matches that of EMIR

Earlier this month, ESMA published their 2021 EMIR and SFTR data quality report. After our initial blog this week focused on EMIR results, today we take a look at ESMA’s review o...
    ESMA EMIR
    April 10, 2022

    ESMA EMIR Report Shows Pairing & Matching Continue to be Low but Valuation Errors Improve

    ESMA was in a serious mood on April fools’ day as they used the first of the month to publish their 2021 EMIR and SFTR data quality report. The annual report covers analysis from...
    How to prepare for the JFSA rewrite
    March 28, 2022

    What Is the JFSA Rewrite and How to Prepare for It?

    The JFSA Rewrite – why it matters Financial firms around the world are facing more challenges in fulfilling their transaction reporting obligations and the Japanese regulator ...
    February 21, 2022

    Six takeaways from firms interpreting and implementing MAS OTC derivative reporting rules

    The final phase of MAS OTC derivative reporting, governing all asset classes across financial institutions and corporates, went live on 1 October 2021. How are firms handling th...
    IHS Markit Risk Award 2022
    February 17, 2022

    IHS Markit wins “Regulatory Reporting Product of the Year” at the Risk Market Technology Awards

    After an extraordinary year which included integrating the IHS Markit and Cappitech business, we were extremely proud to be awarded the Regulatory Reporting Product of the Year at ...
    February 1, 2022

    CFTC Rewrite Delay Announcement

    Yesterday, the CFTC’s Division of Data issued the long-awaited confirmation on the CFTC rewrite delay to December 5, 2022, pushing it out by 6 months, from the initial compliance...
    January 4, 2022

    Brexit Divergence a Year Later: Update on EMIR, MIFIR and SFTR Changes

    After years of buildup and worry, when Brexit went into effect last January, divergence between EU and UK versions of EMIR, MIFIR and SFTR transaction reporting regulation was mini...
    December 15, 2021

    2022 Regulatory Reporting Trends and Predictions

    2022/3 will be busy for the global regulatory reporting community with many areas to focus on, including EMIR REFIT, the CFTC Rewrite, SEC 10C-1, the JFSA and more. Accordingly...
    IHS Markit Survey
    December 14, 2021

    IHS Markit’s Fourth Annual Global Regulatory Reporting Survey Results

    For 2022, IHS Markit survey highlights efforts to prepare for EMIR REFIT but a corresponding lack of preparedness for CFTC. In the US, preparedness for the 2022 CFTC Rewrite is ...
    SEC 10c-1
    December 7, 2021

    What is the proposed SEC Rule 10c-1?

    As most Americans were preparing for the Thanksgiving week ahead, the Securities and Exchange Commission (SEC) were busy putting the finishing touches on a voluminous proposal that...
    November 15, 2021

    Overhauling regulatory reporting systems – a unique window of opportunity

    It’s been a busy few years for firms with regulatory reporting obligations. Across jurisdictions and types of institutions, regulators have stipulated new and/or enhanced reporti...
    September 19, 2021

    Lessons learned a year into SFTR regulation

    Following the go-live of the Securities Financing Transactions Regulation (SFTR) in July 2020, IHS Markit and Pirum’s SFTR Post-Implementation Industry Survey, conducted a year l...
    MAS OTC
    August 31, 2021

    Are you ready for MAS OTC Derivatives Reporting Next Month?

    Next month is going to be busy for Singapore-regulated companies as the final phase of MAS OTC reporting will go live on 1st October 2021. As compared to the previous phases, this ...
      SFTR validation rules
      August 26, 2021

      SFTR validation rules and XML schemas changes: behind the scenes…

      On 29 July 2021, one year after the Securities Financing Transactions Regulation (SFTR) went live, ESMA has published updated SFTR validation rules and XML reporting schemas. ES...
        August 23, 2021

        The SEC SBSR & CFTC Makeover – Where to from here?

        After the 2008/2009 global financial crisis, regulators around the world came up with a series of mandates and objectives that aimed to prevent and minimize another crisis in the f...
          August 18, 2021

          The Changing Trade Repository Landscape – What We Have Learned & How it Can Help You

          Last year saw the closure of CME’s Trade repositories (TR) and their reporting services in Europe and Australia. Recently, UnaVista announced that it will be withdrawing its SFTR...
          August 3, 2021

          Unavista Closing SFTR Trade Repository, Next Steps?

          The announcement of UnaVista exit from the SFTR reporting space is yet another twist in the regulatory reporting landscape. In the space of about 12 months, the marketplace has see...
          EMIR Reporting
          July 25, 2021

          What is EMIR Reporting? 2021 Edition

          Going live in 2014, EMIR reporting regulation has gone through a number updates in its seven year lifetime. With changes arriving with Brexit along with the REFIT update, it is tim...
          July 19, 2021

          IHS Markit and Pirum Survey: SFTR Inspires Firms to Consolidate Processes for Regulatory Reporting Regimes

          Following the final go-live phase of SFTR in January 2021, this new survey examines whether industry expectations were met, what key challenges remain for SFTR reporting, as well a...
            July 15, 2021

            IHS Markit wins Best Analytics Tool at HFM European Technology awards

            We are proud to have been awarded Best Analytics Tool at the HFM European Technology awards today. These awards recognise hedge fund service providers who have demonstrated “exce...
              May 20, 2021

              IHS Markit wins Most Innovative Regulatory Solution at Inside Market Data awards

              IHS Markit Global Regulatory Reporting Solutions has been awarded Most Innovative Regulatory Solution at the Inside Market Data and Inside Reference Data Awards today. This prestig...
              May 19, 2021

              IHS Markit wins multiple awards at RegTech Insight Awards Europe 2021

              Alongside firm wins for Best Transaction Reporting Solution and Best Compliance as a Service Solution, Ron Finberg, Business Development Director, Global Regulatory Reporting Solut...
              May 10, 2021

              IHS Markit’s Global Regulatory Reporting Solution for Multi-jurisdictional Trade Reporting selected by Banco Santander

              Click here to read more    
                data harmpnization
                May 6, 2021

                Data Harmonization and Regulatory Reporting – The Holy Grail?

                2021 is already shaping up to be a transformative year for regulatory trade and transaction reporting. With Dodd-Frank reporting hitting the eight-year anniversary this year and EM...
                  May 2, 2021

                  DTCC proposes withdrawal of FpML support for North America trade reporting – how does this impact your CFTC/SEC reporting?

                  Many firms are in the midst of preparations for the CFTC rewrite due to go live in May 2022, the first significant change since the reporting rules went live in 2013. The reporting...
                    data review
                    April 26, 2021

                    ESMA Publishes Data Quality Findings for EMIR and SFTR

                    Earlier this month, ESMA published their Data Quality Report for EMIR and SFTR . The report was the first review since SFTR went live last July and follows similar annual reviews b...
                    March 24, 2021

                    IHS Markit wins “Most Innovative Data Orchestration for Regulatory Reporting” from A-Team Innovation Awards

                    We were thrilled to be awarded “Most innovative data orchestration” in the A-Team Innovation Awards today for our work across the regulatory reporting landscape. The A-Team Inn...
                    March 23, 2021

                    IHS Markit wins Best Regulatory Reporting Solution at HFM European Services Awards

                    At a virtual awards ceremony held today, we were proud to receive the Best Regulatory Reporting Solution award in the HFM European Services Awards. These prestigious awards aim to ...
                    March 16, 2021

                    LEI of the Issuer in Securities Financing Transaction Regulation

                    In 27 days, non-European issuer's Legal Entity Identifiers (LEIs) of International Securities Identification Numbers (ISINs) will become mandatory for Securities Financing Tran...
                    3-Way Trade Reconciliation Right
                    March 11, 2021

                    2021: The Year for Getting 3-Way Trade Reconciliation Right

                    Trade reconciliation is nothing new, but it is becoming a hot topic in the regulator’s eyes. Yet despite trade reconciliation being mandated for a while under RTS 22 Article 15 c...
                    EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation
                    February 15, 2021

                    EMIR Update Brings Changes to Margin Reporting in March

                    In terms of the future of EMIR Reporting, the REFIT is slated to bring a major update to the technical standards in Q4 2022 or Q1 2023 (more on REFIT). Before those big changes tak...
                    January 28, 2021

                    Why Consolidate your Regulatory Reporting Now?

                    Even with Brexit, Covid and the Global economy under pressure, now could be a great time to consolidate your regulatory reporting. Brexit and Covid have created the perfect environ...
                      January 11, 2021

                      IHS Markit acquires regulatory compliance technology provider Cappitech

                      Deal further expands IHS Markit’s global regulatory reporting capabilities, providing a single unified platform for global transaction reporting London (January 11, 2021) – IH...
                      EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation
                      December 30, 2020

                      EMIR REFIT RTS Final Report Reveals Changes in Store for the Regulation

                      Earlier this month, ESMA published their Final Report on Technical Standards (RTS and ITS) for EMIR REFIT. The report is a culmination of updates to EMIR that were initially propos...
                      ESMA’s EMIR Q&A Confirms UK Venues as OTC after Brexit
                      December 24, 2020

                      ESMA’s EMIR Q&A Confirms UK Venues as OTC after Brexit

                      On Monday, ESMA published their latest update to their EMIR Q&A document. Included in the questions is the status of derivative contracts executed on UK venues following Brexit...
                      2021 Predicted Compliance Trends
                      December 23, 2020

                      A Baker’s Dozen: 2021 Predicted Compliance Trends

                      As the year draws to an end, we wanted to get some inspiration and insights from our fellow RegTech leaders on what they think will be the most significant trends for 2021. So, gra...
                      2020 Year in Review
                      December 17, 2020

                      Cappitech 2020 Year in Review

                      I think we are all silently relieved that this bumpy year will soon be behind us and with the arrival of the vaccine, 2021 looks promising. Despite the challenges that we have all ...
                      EMIR Reporting of Financial PPA
                      December 10, 2020

                      Financial PPAs and EMIR Reporting

                      In our webinar last week titled EMIR’s Present and Future, we highlighted some of the coming changes to coming regulation. In addition, we covered a few current trends firms shou...
                      December 7, 2020

                      FCA Taking Last Steps for UK FIRDS Launch

                      With the Brexit transition period set to expire at the end of the year, the FCA is putting in place systems to operate their versions of ESMA reporting regulation. For MIFID II Tra...
                      December 3, 2020

                      Cappitech Wins “Best Data Visualisation Provider” In Data Management Insight Awards 2020

                      Industry-wide recognition for reporting dashboard that offers accessible insights derived from high volumes of transaction data We are pleased to have won ‘Best Data Visualisati...
                      December 2, 2020

                      Cappitech Appoints Sales Manager For Switzerland, France, Luxembourg And Belgium

                      New hire comes on the back of Cappitech’s accelerated growth in 2020 and further supports its growth in the region.   Cappitech has appointed Fabrice Bensimon as Sales Man...
                      Cappitech won Finance Magnates Award 2020
                      November 19, 2020

                      Cappitech wins the Finance Magnates 2020 “Best Regtech Reporting Solution” Award

                      At a special virtual awards ceremony last night, bringing to a close the 2020 Finance Magnates Virtual Summit, Cappitech won Best Regtech Reporting Solution in the 2020 Finance Mag...
                      Cappitech Data Visualisation
                      November 5, 2020

                      Data visualisation for transaction reporting

                      “A picture is worth a thousand words”.  This is as true for data as it is for art. With the advent of big data, there is a tremendous need to manage, interpret and communi...
                      November 3, 2020

                      Cappitech Industry Survey: Transaction Reporting Continues to Challenge

                      Cappitech survey highlights inefficiencies and errors as reason to change reporting, with new and changing regulations, market changes and the Coronavirus key concerns Cappitec...
                      October 15, 2020

                      Are you a Small Financial Counterparty under EMIR Refit? And what does it mean if you are?

                      One of the less trumpeted changes to be introduced by the EMIR Refit, adopted last year, was the creation of a new category of entity, the Small Financial Counterparty. Just as ...
                      October 7, 2020

                      FCA Continues MIFID II Focus with Market Watch 65

                      Back in April during Cappitech’s webinar titled ‘MiFID II & EMIR Reporting for the Buyside - Do's and Don'ts’ , Mark Kelly from our Advisory Board explained that to under...
                      October 1, 2020

                      Morgan Stanley Fined $5m for Swap Data Reporting Errors as CFTC Looks to Improve Data Quality

                      The CFTC announced that it had issued a $5 million fine to Morgan Stanley yesterday for the companies failures in its Swap Data Reporting (SDR). According to the CFTC, since SDR we...
                      October 1, 2020

                      Cappitech awarded “RegTech Platform Platinum” winner in Future Digital Awards

                      We are pleased to announce that Cappitech has been awarded the “RegTech Platform Platinum” winner in the Juniper Research Future Digital Awards for Fintech and Pa...
                      MiFID vs MiFIR
                      September 30, 2020

                      MiFID II vs MiFIR: Are they the same thing or different?

                      MiFID II regulation came into effect in January 2018 and with it were a bunch of new rules for financial firms. Making things confusing are an array of acronyms referred to when di...
                      September 24, 2020

                      Another industry jolt: implications of Deutsche Börse withdrawing from the regulatory reporting market

                      2020 has been a wild ride for the regulatory reporting industry with some of the most unlikely twists and turns we have seen in a long time (and that is not even factoring in COVID...
                      hedge funds
                      September 13, 2020

                      Transaction reporting for hedge funds

                      After winning the HFM European Technology Awards for “Best Regulatory Reporting Solution”, Ronen Kertis, CEO and founder of Cappitech, shared his insights on transaction report...
                      September 3, 2020

                      Cappitech awarded “Best Regulatory Reporting Solution” by HFM

                      Today, Cappitech won the “Best Regulatory Reporting Solution” award in the HFM European Technology Forum awards. The award reflects Cappitech’s demonstration of excellent ser...
                      August 27, 2020

                      Cappitech completes first vendor-led porting of historical and current data from CME–reports to REGIS-TR

                      With limited time until all porting must be completed, Cappitech calls for financial institutions to ensure they have their porting slots booked and prepared for Cappitech has ...
                      August 24, 2020

                      4 Tips for achieving transaction reporting “completeness”

                      As part of our blog trilogy on CAT (Complete, Accurate and Timely) reporting, today we will address the topic of how to achieve regulatory reporting completeness for EMIR, MiFID II...
                      August 19, 2020

                      Cappitech expands its end point network with DTCC in support of MAS OTC Derivatives reporting

                      Cappitech announced today the extension of the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC Derivatives transaction reporting through The...
                      August 17, 2020

                      Self-reporting vs assisted reporting vs delegated reporting – what is the difference?

                      Ever wondered what the difference is between self-reporting, assisted reporting and delegated reporting and which one is right for you? We often get this question regarding EMIR, M...
                      August 10, 2020

                      Four Techniques for Building an Effective Transaction Reporting Solution

                      Regulation and enforcement continue to increase. This year alone we have seen several new regulations or adjustments to existing regulations being introduced, despite a world-wide ...
                      August 6, 2020

                      Cappitech selected as a “Top 21 RegTech Company” & “Big Disruptor” in the regulatory reporting vertical by Medici & EY

                      Recently, Medici and EY released a new analysis of the RegTech market to identify the top 21 companies offering innovative Regtech solutions across different regions and segments. ...
                      MiFID II/MiFIR
                      July 28, 2020

                      10 Tips for achieving MiFID II/MiFIR transaction reporting accuracy

                      As we move away from the formative MiFID II years, it’s time to review how to improve reporting accuracy. For most companies, the nuts and bolts are in place for reporting MiIFID...
                      July 14, 2020

                      SFTR goes live for the sell-side, time to think about Reuse obligations for the buyside

                      July 13th has arrived, and today (July 14th), firms officially fall under the T+1 scope of reporting Security Finance Transactions (SFT) under the new SFTR. It has been a rocky ...
                      June 29, 2020

                      The Brokers’ Journey to a New Reporting Home Post Market Participants’ Departures

                      Brokers and other financial institutions, already constrained by limited budgets and the Covid- 19 pandemic, are facing a new unexpected challenge as they hurry to implement new pr...
                      June 14, 2020

                      Seismic shift or gentle transformation? The fallout of the CME decision

                      The CME has had a long history in the regulatory reporting industry coupled with strong client relationships. Their recent announcement about their departure from Asia and Europe a...
                      Best Compliance As A Service Solution At 2020 Regtech Insights Awards
                      May 20, 2020

                      Cappitech Wins Best Compliance As A Service Solution At 2020 Regtech Insights Awards

                      We are pleased to announce that we have been awarded “Best Compliance as a Service Solution” at the 2020 RegTech Insight Awards today. Winners for these awards are selected ...
                      May 18, 2020

                      Challenges facing the regulatory reporting industry as a result of CME closure

                      Repercussions from the closure will have far reaching impact on the regulatory reporting community and industry at large Last week’s announcement regarding the closure of CME...
                      Delegated Reporting in EMIR
                      May 17, 2020

                      What is delegated reporting in EMIR and can it save my firm money?

                      In today’s blog post on the EMIR derivative trade reporting mandate we take a look at delegated reporting. For full disclosure, the parent company of this blog, Cappitech, provid...
                      May 13, 2020

                      Preparing for EMIR REFIT Next Month – Reporting for NFC-’s

                      Starting June 18th, 2020, new reporting requirements covering Financial (FC) and Non-Financial Counterparties (NFC) go into effect under EMIR REFIT. The REFIT was enacted on May 20...
                      MiFID II
                      May 6, 2020

                      ESMA readies for SFTR arrival with four trade repositories getting approved

                      The next step of SFTR preparation has been completed as ESMA has approved four Trade Repositories (TRs) for submission of SFT reports. The four firms are DTCC, Unavista, REGIS-TR a...
                      April 8, 2020

                      Covid-19 Regulatory Roundup – MAS Postpones, MAR in focus and Best Execution

                      Last month’s announcement from ESMA that they were pushing back the initial go-live date of SFTR was a welcome relief for many. But that hasn’t been the only update from regula...
                      April 6, 2020

                      March trading volatility, rising volumes, cross-asset benefits and risk management

                      Declines in global stock markets during March led indexes to record losses. In the US, the Dow Jones had it’s worst ever start to a year, falling 23.2% for Q1. However, the stock...
                      March 19, 2020

                      Breaking: ESMA Issues Statement of De-Facto Postponement of SFTR Go-Live

                      As the world deals with the Covid-19 virus, SFTR is set to go live with its first pahase on April 13th in the EU. However, due to shutdowns across Europe and difficulties preparing...
                      March 18, 2020

                      Thoughts on the market rout, compliance and working from home

                      Blog post was first published on Finance Magnates . Titled Coronavirus, Compliance, SFTR and Business as Usual (link to original), the article shared views on how the covid-19 viru...
                      March 17, 2020

                      FCA publishes Covid-19 relief response with regulatory reporting update

                      After stating earlier this month that they were working on a joint initiative with the Bank of England and other UK regulators to assist with covid-19 market challenges, the FCA pu...
                      March 5, 2020

                      Fintech firms AccessFintech and Cappitech announce expansion of partnership

                      Workflow collaboration combined with regulatory compliance delivers greater governance and risk controls in an increasingly scrutinized marketplace AccessFintech, which deliver...
                      March 3, 2020

                      CySEC focuses on MiFIR transaction reporting in latest circular

                      After conducting a review of data quality of transaction reports under MIFIR, CySEC has published today their initial observations (link). The circular highlighted five specific fi...
                      February 3, 2020

                      Industry Experts Speak: Top 10 RegTech Trends for 2020 and Beyond

                      Regtech is now mission critical for financial institutions as they continue to grapple with the bombardment of costly and complex financial regulations. Huge amounts of money are b...
                      January 31, 2020

                      ESMA defines SFTR reporting obligations for non-EU AIFs and EU Branches

                      When ESMA published their Final Guidelines for SFTR earlier this month, they answered a number of open questions the investment industry has had about the new regulation. Among...
                      Cappitech Red Deer
                      January 21, 2020

                      Red Deer and Cappitech partner to offer a complete solution for MiFID II reporting, Best-Execution Monitoring and MAR compliance

                      Red Deer, the financial technology company dedicated to enhancing the performance of active investment managers, and Cappitech, a leading provider of regulatory reporting and intel...
                      January 7, 2020

                      ESMA grants 12 month reprieve of reporting LEIs of non-EU issuers under SFTR

                      In anticipation of the April 11th go-live date of SFTR, ESMA has published number of reports and guidelines clarifying open questions the investment industry has on the new regulat...
                      December 30, 2019

                      Discussing Best Execution, CySEC and Best Practices

                      Earlier this month, Cappitech held its first CFD Broker Compliance Working Group in Cyprus. After a number of similar events since the beginning of 2018 in London, we were well ove...
                      December 19, 2019

                      Cappitech 2019 Year in Review

                      Record year of growth, product innovation and awards As the year draws to a close, we wanted to share a brief recap of Cappitech’s 2019 news and milestones.  Over the last 12...
                      SFTR questions
                      December 8, 2019

                      SFTR questions the financial industry hopes ESMA will answer

                      In May of this year, ESMA opened a public consultation period for industry members to provide their opinions on open questions regarding SFTR’s. Feedback from respondents would t...
                      December 4, 2019

                      MiFID II and Other Regulatory Reporting Continues to be Incomplete

                      - Cappitech’s second annual MiFID II & Best Execution survey shows continuing gaps and challenges, with limited positive impact in some areas - Cappitech has completed...
                      December 2, 2019

                      How SFTR affects MiFID II Reporting

                      Although there is an overlap between products reported under EMIR and MiFID II’s transaction reporting regulation, SFTR won’t experience the same dual reporting obligation. The...
                      November 26, 2019

                      CAPPITECH SELECTED FOR REGTECH 100 LIST

                      Cappitech is proud to announce that it has been included in the RegTech 100 list, the prestigious annual list of 100 of the world’s most innovative RegTech companies compiled by ...
                      November 11, 2019

                      ESMA PUBLISHES VALIDATION RULES AND XML SCHEMAS FOR SFTR REPORTING

                      With SFTR set to go live in April of next year, ESMA has published (link) the Validation and XML schemas of the new regulation. The XML structure is part of the ISO 20022 standard ...
                      October 31, 2019

                      Cappitech Appoints Mark Kelly To Board Of Advisors

                      We are pleased to announce that Mark Kelly has joined Cappitech's Board of Advisors. Mr Kelly’s 30 years of financial and regulatory expertise will enhance Cappitech’s ability ...
                      October 17, 2019

                      Cappitech Recognized as a Gartner “Cool Vendor in Banking”

                      Cappitech as been recognized by the world’s leading research and advisory company, Gartner, as one of four 2019 “Cool Vendors in Banking”1. According to the report, “Gartne...
                      October 4, 2019

                      Best Execution Clarity and MAR requirements for Spot FX raised by ESMA

                      With the summer clearly behind us, October has already been a busy month for ESMA. The European financial supervisor began the month published information of new responsibilities t...
                      October 3, 2019

                      Cappitech Wins Best Regulatory Reporting Solution at Grant Thornton Regtech Reporting Index Awards

                      Cappitech was awarded “Best Regulatory Reporting Solution” at the inaugural Grant Thornton RegTech Reporting Index awards last night in London. According to Grant Thornt...
                      September 10, 2019

                      Intermoney And Cappitech Partner To Offer Regulatory Reporting Services In Spain

                      INTERMONEY CONSULTORÍA, a subsidiary of the CIMD Group, the leading independent brokerage, consulting, asset management, securitization and energy group in Southern Europe, and CA...
                      August 15, 2019

                      Best Execution, Costs and Fraud among risks for the Wealth Management industry

                      In June, the FCA published a ‘Dear CEO’ letter aimed at the Wealth Management and Stockbroking industry. The letter covered a number of risks affecting wealth management custom...
                      July 24, 2019

                      Discussing CASS, Market Surveillance and Section 166 Reviews

                      Earlier this month, Cappitech hosted its latest CFD Broker Compliance workshop. Widening out from recent focuses on transaction reporting and MiFID II, the breakfast event included...
                      July 11, 2019

                      MAS Singapore Derivative Reporting Changes Coming this October

                      In the world of derivative reporting, many countries have used a staggered format to introduce the new regulation. Starting with the largest financial institutions such as banks, t...
                      July 8, 2019

                      FIA Recommends End to ETD Transaction Level Reporting under EMIR

                      The FIA, one of the leading trade organizations for exchange traded derivatives (ETD) markets, has recently published their recommendations to regulators regarding reporting ETDs u...
                      June 25, 2019

                      IHS Markit to Integrate Cappitech Technology in SFTR Reporting Solution

                      Cappitech, a leading provider of regulatory reporting and intelligence solutions for the financial services industry and IHS Markit, a world leader in critical information, analyti...
                      May 8, 2019

                      FCA Market Watch 59 addresses Reconciliation and MiFIR Errors

                      The FCA has recently issued their latest Market Watch Report (link). The newsletter is released periodically by the UK financial regulator and focuses on Market Conduct and Transac...
                      May 3, 2019

                      Cappitech Wins “Best Regulatory Reporting Solution” In Regtech Insight Awards

                      Cappitech has been awarded “Best Regulatory Reporting Solution” in the RegTech Insight Awards. The awards identify and highlight leading providers of RegTech solutions, service...
                      April 17, 2019

                      MiFID II Compliance and Transaction Reporting Reviews Featured in FCA 2019/20 Business Plan

                      April 15, 2019

                      Cappitech Launches MiFID II Market Intelligence Product, Enabling Financial Institutions To Monetise Regulatory Reporting Data

                      Cappitech announces the launch of RTS 28 Market Intelligence, a product that allows financial institutions to use regulatory compliance data to their own advantage. The electronic ...
                      March 28, 2019

                      Cappitech launches ‘Insights’ tool for peer review regulatory analysis

                      With MIFID II now over a year old, the focus has moved from mere ‘compliance’ to ‘improving the data quality’ of submitted reports.  Heading into 2018, most EU firms were ...
                      March 28, 2019

                      Goldman Sachs and UBS fined £34.3m and £27.6m for Transaction Reporting failures

                      In twin announcements this month, the FCA has fined Goldman Sachs and UBS fined £34.3 million and £27.6 million respectively for MiFID I Transaction Reporting failures. The two i...
                      March 21, 2019

                      Cryptocurrency Regulation, Cybersecurity and EMIR Updates Headline Cappitech’s Compliance Breakfast

                      Last week, Cappitech held its quarterly London Compliance Working Group. After four successful events in 2018, this was the first of 2019. The event was held at the CME Grou...
                      February 21, 2019

                      Best Execution: Essential for Asset Managers and Hedge Funds Looking to Comply and Improve Performance

                      Yield and performance. The heart of every asset manager's business. The driving force behind the day-to-day activity of buy-side firms. Yet, how many of these firms view complying ...
                      February 5, 2019

                      Does Your MiFID II Reporting Meet Regulators’ Standards & is it Brexit Ready?

                      Now that we are a year post MiFID II, it’s fair to assume that most capital markets firms have their houses in order with respect to complying with MiFID II’s extensive rules....
                      January 29, 2019

                      FCA and CySEC expanding MiFID II monitoring to Best Execution and RTS 27/28 requirements

                      At the start of 2018, there was an unofficial understanding among EU regulators that they were providing investment firms a six month ‘grace period’ for complying with MiFID II...
                      January 9, 2019

                      Cryptocurrency reporting for EMIR and MiFIR may be on their way as ESMA seeks cross-EU standards

                      Where cryptocurrencies fall within EMIR and MiFID II has been an area of debate over the last few years. Specifically, with the popularity of Initial Coin Offerings (ICO) and bitco...
                      December 12, 2018

                      ASIC Brings Full Lifecycle Derivative Reporting to CFDs

                      CFDs are the focus of new announced changes from ASIC to their Derivative Reporting regulation (link to announcement). The change will make it mandatory starting from July 1st, 201...
                      November 20, 2018

                      Cappitech Named One of the World’s Most Innovative Regtech Companies

                      The 2019 RegTech 100 rankings recognise pioneering companies transforming compliance, risk management and cybersecurity through technology Cappitech, a leading provider of r...
                      November 13, 2018

                      Cappitech MiFID II Industry Survey Finds High Percentage of Non-Compliance in Best Execution

                        Cappitech, a leading provider of regulatory reporting and intelligence technology for the financial services industry, todayannounced the results of a survey of over 100 Eu...
                      November 1, 2018

                      Trade Reconciliation: Why you need it?

                      MiFID II reporting is now reasonably well established, the reporting issues are recognized by most companies; a topic we recently covered in our MiFID II blog. The reporting pro...
                      ESMA’s EMIR Q&A Confirms UK Venues as OTC after Brexit
                      October 23, 2018

                      ESMA and NCA review EMIR data quality as Brexit looms

                      Last year, ESMA published guidelines for the transfer of EMIR trades between Trade Repositories (TR). Due to format differences between repositories, ESMA’s goal is to have stand...
                      September 20, 2018

                      Cappitech integrates with Trax to streamline MiFID II transaction reporting

                      Agreement enhances customers’ MiFID II reporting capabilities Cappitech, a leading provider of regulatory reporting and intelligence technology for the financial service...
                      ESMA EMIR
                      September 6, 2018

                      ESMA rejects EC Amendments for SFTR, paves way for fewer delays for its implementation

                      ESMA has rejected proposed amendments by the European Commission (EC) to the regulatory technical standards (RTS) of the coming SFTR regulation. If no further amendments are propos...
                      SFTR questions
                      September 6, 2018

                      MiFID II – It’s not over yet

                      Mifid II has already celebrated its half-year birthday and while many compliance officers may have wished to celebrate by checking the “done box” on this task, the additional M...
                      August 20, 2018

                      Cappitech Dashboard gets an update – what’s new?

                      Of our product features, our dashboard is one that we are very proud of. First released in 2016, the web-based dashboard provides customers a visual display of their regulatory re...
                      August 19, 2018

                      Buying RegTech Software? Don’t underestimate the value of these two things

                      Regulation is increasing – no debate there – we all know it and we are all trying to deal with it. The upside is the regtech industry is booming and continually developing sol...
                      August 18, 2018

                      Cappitech Expands Trade Reporting Solution in Australia with CME Group Integration

                      Cappitech, a leading provider of regulatory reporting and intelligence technology for the financial services industry, today announced hat it has expanded its integrated reporting ...
                      July 16, 2018

                      What Regulators do with your MiFID II data, EMIR Changes and Compliance Updates

                      MiFID II has hit the half year mark, which means regulators now have six months of data to look at. To delve deeper as to what ESMA and local National Competent Authorities (NCAs) ...
                      July 4, 2018

                      ‘No LEI no Trade ‘fully goes into effect for MiFID II in July

                      Under MIFID II, investment firms trading with Legal Entities were required to make sure these counterparties had a registered Legal Entity Identifier (LEI) before trading with them...
                      ESMA EMIR
                      June 14, 2018

                      A view of how regulators supervise EMIR – ESMA Annual Report

                      As part of their work, ESMA is tasked with publishing an Annual Report (link) covering different facets of EMIR. Today, they published their first report regarding supervisory meas...
                      June 12, 2018

                      Cappitech Raises $4 Million in Series A Financing to Fuel Growth and Innovation

                      Cappitech is excited to announce that we have secured $4 million in series A financing. The financing round was led by 83North with participation from Rony Grushka and Kevin Gould,...
                      June 4, 2018

                      ESMA Updates Best Execution (RTS 27) and EMIR Q&A

                      The big recent announcement from ESMA was last week’s formal dates to change lower leverage on CFDs and ban binary options. However, prior to that, ESMA released a series of Q&am...
                      May 17, 2018

                      Cappitech launches RTS 27 Best Execution solution to bolster MiFID II offering

                      With the first deadline of RTS 27 reports quickly approaching, Cappitech Regulation, a leading provider of regulation technology for the financial services industry has launched a ...
                      May 14, 2018

                      RTS 27 Best Execution for Forex/CFD Brokers

                      Part of the package of new reporting and corporate governance rules under MiFID II is RTS 27. Unlike other reporting requirements that are near real-time or daily, RTS 27 is a quar...
                      April 9, 2018

                      FCA Seemingly exempts Cryptocurrency CFDs from MiFID II reporting

                      Last Friday, the UK’s Financial Conduct Authority (FCA) issued a statement clarifying the authorization of cryptocurrency derivatives. In the statement (link), they explained tha...
                      March 27, 2018

                      What’s next on the minds of CFD broker compliance teams? Capital Requirements

                      Regulation and compliance continues to evolve. While EMIR and MiFID II are worries of yesterday and today, tomorrow has its own set of acronyms worrying compliance officers. Wit...
                      March 26, 2018

                      CySEC begins investigation of MIFID II (MiFIR) compliance among license holders

                      With MiFIR and MiFID II going live on January 3rd, regulators have begun to ask, “Who isn’t reporting?” While many country regulators have been quietly reviewing the MiFIR...
                      February 21, 2018

                      Why we chose an ARM vs NCA for our client’s MIFID II Transaction Reporting

                      Earlier this month, Cappitech published some of what we’ve learned from the first month of MiFID II going into effect. One of the items covered was our decision to report client ...
                      February 8, 2018

                      A month into MiFID II Transaction Reporting (MiFIR), what we’ve learned

                      MiFID II has now been live for a little more than a month in Europe. At Cappitech, we wanted to share our experiences of complying with the Transaction Reporting requirements that ...
                      December 28, 2017

                      5 EU Financial Regulation Questions that Need to be Answered in 2018

                      2017 was the year for MiFID II. Pretty much everyone in the European financial industry has had enough about hearing of MiFID II preparation. As MiFID II dominated the discussion i...
                      under MiFIR
                      December 25, 2017

                      What is reportable under MiFIR (MiFID II Transaction Reporting) – Analyzing Derivatives

                      The goal of this article is to provide a deeper look at specific investment products and analyze how they fit within Article 26 of MiFIR (legislation link). The opinions provided a...
                      December 12, 2017

                      Cappitech’s Capptivate Platform Integrates with Access Fintech

                      Access Fintech users can now incorporate Capptivate’s MiFID II and EMIR reporting, tracing regulatory reporting exceptions in its lifecycle management portal. Launched ear...
                      November 23, 2017

                      Is Matched Principal Trading Under MiFID II, One Leg or Dual Leg Reporting?

                      (Article updated on Dec 27 - see new comments at end of post) When MiFID II arrives on January 3rd, 2018, it brings with it a greatly updated version of Transaction Reporting (M...
                      November 7, 2017

                      Cappitech Regulation selected as RegTech100 company

                      Cappitech continues to be recognized as a leader in the fast growing RegTech, being listed as a RegTech100 company. Cappitech’s inclusion in the list is after 416 RegTech compani...
                      October 23, 2017

                      £34.5 million EMIR Reporting Fine Slapped by FCA on Merrill Lynch

                      Merrill Lynch today became the first investment firm to be fined for a breach in EMIR Reporting. Fined by the UK’s Financial Conduct Authority (FCA), Merrill Lynch will be paying...
                      October 17, 2017

                      MiFID II leniency could be coming from the FCA for diligent firms

                      The deeper EU financial firms are engaged with complying with the upcoming MiFID II regulations, the greater the challenges. Going into effect this coming January, MiFID II regu...
                      September 27, 2017

                      CySEC to open MiFID II Transaction Reporting testing in October

                      MiFID II transaction reporting is set to go live in January 2018.  These reports can be sent directly to a financial firm’s National Competent Authority (NCA) such as the FCA, C...
                      September 19, 2017

                      MiFID II Reporting, Retail Brokers and Breakfast

                      Cappitech was excited to be able to host over 60 participants at The Ned Hotel for a MIFID II Reporting breakfast last week. The event included a wide range of compliance and opera...
                      August 28, 2017

                      MiFID II Reporting Breakfast for FX/CFD Brokers – Sept 13, London

                      MiFID II is coming soon   But if you are an FX/CFD broker and don’t want generic explanations about MiFID II & MiFIR reporting requirements. You want to know speci...
                      July 24, 2017

                      Do Bitcoin, Ethereum and Cryptocurrency CFDs need to be reported for EMIR Regulation?

                      Quick, do a Google search for Ethereum. There is a good chance that you will see an ad from a broker like this one. After being on fire in 2013 and then falling in 2014,...
                      July 20, 2017

                      LEI’s and MiFID II, why you need one and how to get one

                      Back in April 2016, Cappitech took a look at LEIs and why they are an integral part of EMIR derivative reporting requirements. With MiFID II coming into effect on January 2018, we...
                      June 12, 2017

                      Looking for another MiFID II delay? You’re out of luck

                      With a wide range of reporting and operational requirements being put in place when MiFID II goes into effect, few in the financial industry in the EU and globally are excited abou...
                      June 7, 2017

                      Preparing for MiFID II: Forex/CFD and Binary Options Brokers

                      MiFID II reporting is a large project to undertake. The article covers steps to put a development roadmap in place to reduce the hassle. The article was prepared for and first appe...
                      June 1, 2017

                      Bloomberg Trade Repository for EMIR Reporting Registered by ESMA

                      Starting June 7th, firms reporting for EMIR will have a new trade repository (TR) that they can submit their reports to. After a lengthy registration process, Bloomberg Trade Repos...
                      May 22, 2017

                      Cappitech Launches MiFID II Suite of Technology for Transaction and Trade Reporting

                      Cappitech has extended its cross-regulation Transaction Reporting technology to support MiFID II reporting to ARMs With less than nine month until MiFID II goes into effect on J...
                      May 4, 2017

                      Breaking EMIR Reporting news: European Commission proposes changes to reduce obligations

                      After issuing their EMIR Review in November 2016, the European Commission (EC) today is proposing major changes to EMIR reporting. The goal of the amendments is to reduce costs to ...
                      March 30, 2017

                      Preparing for MiFID II? It’s all about what’s under scope and data, data, data

                      What are the two biggest topics for the EU financial industry at the moment? Attending the CME Group’s Regulation Conference in Dublin last week, the clear answer is MiFID II and...
                      March 19, 2017

                      Don’t sleep on MiFID II Best Execution as Regulators are Waking Up

                      New Best Execution standards are arriving soon with the implementation of MiFID II on January 3, 2018. The new text updates what has been in place since 2007 under MiFID I. Those s...
                      March 14, 2017

                      Cappitech supports buyside and regulatory initiatives for UTI harmonization

                      At Cappitech, one of the most difficult processes we solve with our EMIR Reporting technology is UTI matching. Standing for Unique Trade Identifier, a UTI is an alphanumeric identi...
                      February 28, 2017

                      MIFID II reporting standards arriving to FIX Protocol – Why it matters

                      With MiFID II regulation arriving soon, the FIX Trading Community has been working since 2015 to create new protocols for the FIX messaging protocol especially designed for the new...
                      February 6, 2017

                      New EMIR Q&A answers questions about upcoming RTS

                      ESMA has issued its latest update to their Q&A paper on EMIR Regulation. Begun in 2014, the Q&A paper is periodically updated with answers to industry issues relating to th...
                      January 26, 2017

                      What is RegTech? Deloitte maps the universe of the present and future

                      Within the tech world, financial technology has been branded its own niche of FinTech. As what falls under fintech has broadened to include subsectors such as mobile banking, consu...
                      January 9, 2017

                      EMIR Regulation reigned, but here comes MiFID II – What you read in 2016

                      Throughout 2016, our Cappitech blog posted often about a variety of financial regulation initiatives affecting EU regulated brokers, banks and fund companies. Reviewing which posts...
                      December 14, 2016

                      MiFID II Preparation: Trade vs Transaction Reporting and ARMs vs APAs

                      With us nearing 2017, the January 2018 date for MiFID II implementation is closing in quickly. Appearing with the regulation will be new and updated versions of reporting requireme...
                      December 8, 2016

                      FCA/CySEC/ESMA Collusion to Damage CFD/Forex/Binary Options Industry?

                      Within the Cappitech blog, we’ve focused a lot on the change in sentiment among regulators towards Forex/CFD/Binary Options brokers. From bans on online advertising and restricti...
                      December 5, 2016

                      Talking Fintech and Asset Management at the ALFI European Alternative Investment Funds Conference

                      Closing out the European Alternative Investment Funds conference hosted by the Association of the Luxembourg Fund Industry (ALFI) was a fintech panel. For asset management, innov...
                      December 4, 2016

                      What Went Down at the London Summit: the CEO Panel

                      For the past few years, after returning from industry conferences such as the iFX Expo in Cyprus/Hong Kong and the Finance Magnates London Summit, I have published my thoughts on t...
                      December 4, 2016

                      What Went Down at the London Summit: the CEO Panel

                      For the past few years, after returning from industry conferences such as the iFX Expo in Cyprus/Hong Kong and the Finance Magnates London Summit, I have published my thoughts on t...
                      MiFID II
                      November 30, 2016

                      EC EMIR Review – 2017 could bring regulation changes to streamline reporting and ease NFC and clearing obligations

                      The European Commission (EC) has issued their Review Report on the European Market Infrastructure Regulation (EMIR) which went into effect in 2014. With a mandate to provide transp...
                      November 10, 2016

                      Meet us at the London Summit and see Cappitech’s new global reporting technology

                      Coming up next Monday and Tuesday, November 14th and 15th, Cappitech will be exhibiting at the Finance Magnates London Summit. At the event, we will be providing our first publi...
                      November 6, 2016

                      MiFID II: Is your firm a systematic internalizer? (Calculations delayed)

                      With the initiation of MIFID I trade reporting of equities in the EU in 2007, it created a new status of companies called ‘Systematic Internalizers’ (SI). An SI is a firm that ...
                      October 31, 2016

                      As MiFID II closes in, reporting details and guidelines getting finalized

                      For financial, compliance and technology firms serving the RegTech sector, October was an important month for the coming MiFID II regulation. Early in the month, the European Secur...
                      MiFID vs MiFIR
                      October 10, 2016

                      MiFID II Innovation – A Consolidated Non-Equity Tape

                      With MiFID II headed to be in effect in 2018, coming with it are an overhaul of new reporting and market transparency rules. Among the most groundbreaking are best execution superv...
                      September 16, 2016

                      Blockchain – ‘Technology of the future’… but don’t forget to be practical

                      This week was an important one for us at Cappitech. After participating earlier in the year in a Fintech Roadshow of Israeli firms that travelled to Luxembourg to learn more about ...
                      September 5, 2016

                      Blockchain technology for financial regulation reporting – Cappitech’s analysis

                      In June, we published on the Cappitech Blog that the European Securities and Markets Authority (ESMA) had created a consultation paper about the relevance of using distributed ledg...
                      August 29, 2016

                      What are EMIR Regulation derivative reporting fees charged by Trade Repositories?

                      Complying with derivative reporting requirements of EMIR regulation is a dual sided expense. One side is the cost entailed of internal or external human resources needed to create ...
                      August 24, 2016

                      MiFID II Preparation – Reporting to ARMs (Approved Reporting Mechanism)

                      Although going into effect in 2014, EU financial firms are still getting up to speed with EMIR’s derivative reporting regulation. But, quickly arriving on the horizon will be the...
                      August 8, 2016

                      ESMA to EMIR Regulation Trade Repositories – “No More Garbage Reporting”

                      The new trend in EMIR reporting that began in earnest in 2016 and based on conversations with trade repositories has become a key focus for ESMA and financial regulators is “no m...
                      August 2, 2016

                      FXCM on the Offensive, MiFID II Looms and CME FX Futures Improving

                      FXCM has recently issued their execution quality paper again. First published in February of this year with data from October 2014 to August 2015 comparing their pricing compared ...
                      August 1, 2016

                      MiFID Penalties Hit Retail Sector as 24option Site Pulled in France by AMF

                      Reported over the weekend, one of the world’s largest binary options brokers, 24option, has closed its website to French customers. According to Finance Magnates, the closure is ...
                      July 31, 2016

                      Financial compliance in the cloud? It’s happening everywhere, along with EMIR Regulation

                      As a cloud based provider of EMIR regulation reporting services, an oft asked question is whether the financial industry is ready for public cloud hosted platforms? For good rea...
                      July 25, 2016

                      ESMA Singles Out Cyprus in Warning of CFD/Forex/Binary Options Products

                      The European Securities and Markets Authority (ESMA) has issued a new warning against CFD, Forex and Binary Options products today, citing their high level of risk. According to ES...
                      July 21, 2016

                      Automating EMIR regulation reporting: Static vs Dynamic Data

                      One of the challenges of compliance reporting for financial transactions such as EMIR, Dodd-Frank and MiFID is the collection and reformatting of trade records to fit the data requ...
                      July 18, 2016

                      Pick your poison, Brexit or CySEC? (The Cappitech July Newsletter)

                      Happy Monday!! We recently launched a newsletter and this is our July edition. The newsletter reviews current events in the online trading world with actionable analysis. Subscr...
                      July 6, 2016

                      UK Trade Repositories and EMIR after Brexit, the future of unified global derivative reporting regulation

                      With the UK potentially slated to leave the EU following the Brexit referendum vote, it has triggered speculation as to EMIR regulation will continue to be applied to British firms...
                      July 3, 2016

                      Do UK firms still have to care about EMIR and MiFID II after Brexit?

                      With the Breixt referendum leading to a ‘leave’ vote, it puts doubt on the future of financial reporting requirements for UK firms. Notably, EMIR regulation, which went into ef...
                      June 22, 2016

                      Thoughts on the Brexit and Luxembourgish

                      Returning from Luxembourg today, I wanted to share some thoughts on the country as viewed by a foreigner arriving to potentially do business in the multi-cultural country Occurr...
                      June 13, 2016

                      EMIR regulation and transaction reporting could get easier with blockchain technology implementation

                      The European Securities and Market Authority (ESMA) has recently published a Discussion Paper titled ‘The Distributed Ledger Technology Applied to Securities Markets’. The basi...
                      June 13, 2016

                      MiFID II – How it effects non-EU financial firms

                      MiFID II is hitting the EU in January 2018. But if you are a financial firm and aren’t based in the EU, you shouldn’t worry, right? Well, not quite, while MiFID II is an EU ...
                      June 2, 2016

                      EMIR Regulation cited during CySEC Chairwomen Demetra Kalogerou’s iFX Expo Keynote

                      Headlining the last day of the iFX Expo in Limassol, Cyprus, last week was a keynote speech by Demetra Kalogerou, Chairwomen of CySEC, the country’s financial regulator. Her invo...
                      May 23, 2016

                      Cappitech Releases EMIR Regulation Dashboard to Power Reporting Analysis

                      To be publicly displayed at the iFX EXPO in Limmasol, Cyprus, Cappitech is launching a dashboard to provide visual analytics to help customers gain more insight from the Capptivate...
                      May 22, 2016

                      Building reference and benchmark data isn’t easy – MiFID II officially delayed until 2018

                      The European Council (EC), officially announced last week that a one-year delay of MiFID II and MiFIR has been put in place with the two initiatives not expected to take effect un...
                      May 18, 2016

                      EMIR regulation debate of single vs double sided derivative reporting reaches EU financial heads

                      Should derivative reporting under the EU’s EMIR regulation framework be single or double sided? This has been an ongoing debate since ESMA released their first guidelines for how...
                      May 10, 2016

                      Meet Cappitech at the iFX Expo in Limassol, Cyprus and Learn About EMIR Reporting Automation

                      Are you attending the iFX Expo 2016 in Limassol, Cyprus, later this month? If so, let’s meet up. Exhibiting in Booth #89, Cappitech will be attending the yearly event that gat...
                      May 2, 2016

                      Will there be another LIBOR Scandal? New EU Law aims to end rate rigging

                      Among areas of finance being overhauled by regulation are rate benchmarks. The entrance of financial regulators to supervise rates is the result of the uncovering of manipulation o...
                      April 27, 2016

                      Will EMIR move from double sided to single sided reporting?

                      One of the big gripes against EMIR derivative reporting before and after it was put into effect in February 2014 is its use of double sided reporting. What does this mean, it means...
                      April 21, 2016

                      What is an LEI and how do I get one for EMIR Reporting?

                      The first process of complying with the European Securities and Markets Authority (ESMA) EMIR derivative trade reporting regulation is securing a Legal Entity Identifier (LEI). A t...
                      April 17, 2016

                      Following Binary Options, Will EU Regulators Focus on Forex and CFDs?

                      Reported last Thursday was a circular about fair trading practices related to binary options that was sent by CySEC to entities under its jurisdiction. The circular came days afte...
                      April 11, 2016

                      ESMA Q&A on CFDs/Forex/Binary Options looks at conflict of interest risks

                      As binary options and other high risk leveraged products for retail customers have been garnering negative headlines recently, the European Securities and Markets Authority (ESMA) ...
                      MiFID II
                      April 10, 2016

                      Will MiFID II bring the end of in-depth Sell-Side market research?

                      In February, implementation of MiFID II got officially pushed back from the beginning of 2017 to January 2018. With the delay, financial firms receive more time to prepare for the ...
                      April 6, 2016

                      What are the potential fines for EMIR Reporting Violations?

                      Put into effect on February 2014 and under the auspices of the European Securities and Markets Authority (ESMA) are transactional reporting requirements for over the counter (OTC)...
                      March 31, 2016

                      Do non-finance corporates need to fulfill EMIR reporting requirements?

                      The unfortunate truth is that unlike MiFID trade report regulations that went into effect in 2007 and was directed at financial firms, even non-financial firms in the European Econ...
                      March 28, 2016

                      EMIR OTC derivative reporting Trade Repositories, who they are

                      Starting in 2014, the EU, under the watch of ESMA, put into effect trade reporting requirements for OTC derivative trades called EMIR reporting (EMIR overview here). As part of the...
                      March 23, 2016

                      EMIR Reporting summary: Who, when, what and where?

                      At Cappitech, we created Capptivate to automate the EMIR reporting requirements for brokers, corporates, asset managers and hedge funds. But what exactly is EMIR and why do I need ...
                      March 23, 2016

                      Do forex brokers have to report spot FX trades under EMIR?

                      When the EU introduced EMIR reporting of OTC derivative trades in 2014, one of the questions many had was the status of spot FX trades. For online forex brokers, spot FX is the fou...
                      March 20, 2016

                      Goodbye boring meetings, hello Agile – Implementing the daily stand-up

                      How many times have you sat down for a company meeting and most of everyone is fiddling with something? Their phone, scribbling on a paper, taking that zillionth sip on a cup of co...
                      2-CTA-background-image-DESKTOP--for-Transaction-reporting-regs

                      Get our latest articles straight to your inbox