Exclusive: CySEC Reminds Some Brokers about MiFIR Reporting Obligations
Posted: Thu Mar 15, 2018 3:05 pm
Since the beginning of the year, brokers have had to comply with additional requirements for reporting obligations. MiFIR reporting has started with some mild hiccups in some jurisdictions, but those were quickly rectified as the rollout of MiFID II has been deemed rather smooth at this point, almost three months into the year.
The Cyprus Securities and Exchange Commission (CySEC) has sent out a letter to brokers that have been deemed to be trailing on their reporting obligations. The regulator has actually been analysing the transaction reports that were received via the centralised Transaction Reporting Exchange Mechanism ... (read more)