FIA and FIA Europe Publish Report on Transaction Reporting under MiFID II

The Futures Industry Association ("FIA") and FIA Europe issued the seventh in a series of special reports that cover the technical requirements of the MiFID II regulations adopted by the European Securities Markets Authorities ("ESMA"). Specifically, the new report offers an overview of ESMA's proposals in its Consultation Paper and draft Regulatory Technical Standards with respect to the obligation for investment firms to report transactions under Article 26 of MiFID. The ESMA Consultation Paper covers five specific aspects of market data reporting: (i) the obligation to report transactions, (ii) the obligation to maintain records of orders, (iii) the obligation to maintain records of orders for firms engaging in high-frequency algorithmic trading techniques, (iv) the obligation to supply financial instrument reference data and (v) clock synchronization.

See: Seventh Report: Transaction Reporting under MiFID II.

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