MiFID II Reporting Decision Maker Status – What Brokers Need to Know

[kreslik.news]

Under MiFID II, transaction reporting will expand from 24 to 65 fields of reportable data. The result is that unlike MiFID I which was rather straightforward with what needed to be reported, MiFID II adds a lot of new field language that didn’t exist before.

One of the new fields that specifically affects the FX and CFD brokerage industry is ‘Decision Maker’. In addition to stating underlying buyer or seller of trade, MiFID II transaction reporting requires clarification if there is a third party involved that was granted authority to initial the transaction.


[size=160][b]Who are the decision ... (read more)