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Getting MiFID II right the first time
Archive
20 Jan
2017

Getting MiFID II right the first time

  • 20th January 2017
  • Daniel Simpson

Transparency is the cornerstone of MiFID II. Whether it’s pricing, product or process transparency, participants will need to pull back the curtains to make more information public regarding the nature of their operations, products and services. Consequently, investment firms will need to know more about their clients than ever before, with very little margin for Read More

22 Dec
2016

Merry Christmas from Team JWG!

  • 22nd December 2016
  • Aoife Quinn

2016 has added tens of thousands of new regulatory pages to the pile, which has kept us, at JWG, very busy boys and girls. Unlike the last decade, however this year has been about unexpected twists and turns in the road: It’s been a year of MiFID II/R panic, implementation delays, regulators waking up to Read More

15 Dec
2016

Harmonised transaction reporting: probable or impossible?

Transaction reporting can be a difficult regulatory requirement to get right and compliance can be even more complicated due to multiple overlapping transaction reporting regimes, which all serve slightly different purposes and have varying structures. This article looks at the transaction reporting requirements under four key regulations: MiFID II, EMIR, REMIT and SFTR. The first Read More

09 Dec
2016
ISIN, MiFID II ISIN

Making ISINs work for MiFID II transaction reporting

In our preceding article about ISINs, we explored the pursuit of a universal OTC identifier, and discussed what has occurred in Europe to fix this gap in the financial industry.  The Association of National Numbering Agencies (ANNA) created the ANNA Derivatives Service Bureau, which is based on an automated ISIN allocation engine and is scheduled Read More

29 Nov
2016

Providing clarity on MiFID II, one guidance note at a time (part 3: inducements)

  • 29th November 2016
  • Bora Nanaj

In the previous two articles, we delved into the guidance notes on systematic internalisers and research.  The third guidance note produced by JWG centres on inducements. This particular guidance note helps explain the MiFID II obligations of inducements, for example, it speaks of the necessary quality enhancement test and defines acceptable minor non-monetary benefits, just Read More

29 Nov
2016

ARMs: MiFID II’s new player within transaction reporting

  • 29th November 2016
  • Bora Nanaj

In order to comply with the latest regulations, firms must manage their transaction reporting obligations.  A unified transaction reporting regime across the European Union (EU) was first introduced when MiFID I came into force in 2007 with the objective of detecting and investigating potential market abuses.  With MiFID II implementation set for January 2018, transaction Read More

28 Nov
2016

JWG’s trade and transaction reporting RegDelta platform surpasses over 1000 documents!

  • 28th November 2016
  • Darshna Pindoriya

At JWG, through tracking key regulatory bodies including ESMA, FCA, FINRA and CFTC, we have picked up key documents for different legislative initiatives such as Dodd-Frank, EMIR, MiFID I, MiFID II and the Commodity Exchange Act. We have sourced over 1000 documents in relation to trade and transaction reporting. In the past month alone, we Read More

03 Nov
2016
RegTech, FCA TechSprint, FCAsprint

JWG to help industry unlock regulatory reporting

  • 3rd November 2016
  • Aoife Quinn

With the FCA’s commitment to innovation and to becoming a global leader in the development and adoption of RegTech solutions, JWG is excited to announce that we have been invited to participate in their upcoming TechSprint event. Held across two days, on the 9 and 10 November, the event, which focuses on the topic of Read More

01 Nov
2016

Top 5 early RegTech takeaways from the continental debate

Last month, JWG were pleased to participate in the Trusted Open Data Environments 2016 conference in Poznan, Poland, which was attended by data specialists from a variety of regulatory agencies, academics, practitioners and FinTech entrepreneurs. It was a full day of hot topics, including international standardisation, Initial Coin Offerings and data reporting.  So, what did Read More

21 Oct
2016

Did ESMA address the industry’s key issues in their MiFID II guidelines for transaction reporting?

  • 21st October 2016
  • Kara Paslawska

In December 2015, ESMA published a consultation paper on transaction reporting, order record keeping and clock synchronisation.  Shortly after, we summarised the 10 key issues from the MiFID II guidelines for transaction reporting.  Now, having considered the issues raised in the responses to the consultation paper, ESMA has published its guidelines. Considering the key topics Read More