SFTR and MiFIR reporting Compliance Support (EU and UK)

Under the EU and UK regulatory frameworks of MiFIR and SFTR, various financial entities, including Investment Firms, Banks, and Funds, are obligated to submit detailed reports to Trade Repositories (TRs), Approved Reporting Mechanisms (ARMs), or their respective National Competent Authorities. The complexity and specificity of these reports require a thorough understanding of the regulations to ensure compliance. In the EU, supervisory oversight is exercised by NCAs under the coordination of the European Securities and Markets Authority (ESMA). In the UK, supervision is carried out by the Financial Conduct Authority (FCA). Both EU and UK regulators have conducted and will likely continue to conduct reviews to assess and enforce compliance, often identifying gaps and deficiencies in the reporting processes. Given the ongoing divergence between EU and UK regimes, including UK-specific updates, firms operating cross-border must ensure compliance with both jurisdictions.  

Services  

Complyport offers comprehensive advisory support and health check services to help firms navigate and comply with the stringent reporting requirements under MiFIR and SFTR in both the EU and the UK.  

Our services include:  

Data Reconciliation: We assist in reconciling back or middle office data with the information reported under MiFIR and SFTR (EU and UK), ensuring consistency and accuracy across all reporting regimes.  

Field-by-Field Report Review: Our team conducts detailed reviews of reports submitted to TRs, ARMs, and NCAs, analysing each field to identify errors and discrepancies.  

Identification of Reportable Instruments: We help firms accurately identify the instruments that need to be reported under each regulatory framework in both jurisdictions, including managing differences between EU and UK scope.  

Report Remediation: We provide actionable recommendations to amend and improve reporting styles, addressing any identified issues.  

Ongoing Consulting: We offer continuous support and consulting services for any ongoing reporting issues, ensuring your firm remains compliant as regulations evolve.  

Custom Reporting Templates: We design and provide customised reporting templates tailored to each firm’s specific needs and reporting obligations.  

Gap Analysis for Regulatory Changes: Our team conducts thorough gap analyses to prepare your firm for upcoming changes, ensuring you are ready for new reporting requirements.  

Bespoke training regarding reporting triggers, identifiers to report data elements to be included in said reports for specific instruments traded by each firm, how to report under various trading scenarios, and many more. 

Key Benefits  

Enhanced Compliance: By leveraging our expertise, firms can significantly improve their compliance with the EU and the UK, MiFIR, and SFTR reporting requirements, reducing the risk of regulatory penalties.  

Accurate Reporting: Our meticulous review processes ensure that your reports are accurate, complete, and in line with regulatory expectations across jurisdictions.  

Tailored Solutions: We offer customised services and templates that are specifically designed to meet the unique needs of your firm, providing flexibility and precision in your reporting processes.  

Proactive Support: With ongoing consulting and gap analysis, we help your firm stay ahead of regulatory changes, ensuring continuous compliance and operational efficiency.  

For similar services for reporting under Art. 9 of EMIR (EU and UK) see here.  

Complyport also offers full reporting solutions for G20 Derivatives, MiFIR, and SFTR reporting (EU & UK).  

Our Experts  

Our advisory support and health check services are designed to enhance your firm’s compliance, accuracy, and readiness for regulatory changes in both the EU and the UK. Partnering with Complyport ensures that your reporting processes are not only compliant but also optimised for efficiency, allowing you to focus on your core business activities with confidence.