MiFID II Transaction Reporting Obligation

The Markets in Financial Instruments Directive II is part of the European Union’s objective to create a fair/transparent EU market for securities. Mifid II, along with MiFiR, lays out obligations on financial firms across key operating aspects of the financial firms to improve transparency, create comprehensive audit trail, prevent market abuse and improve market integrity longer term for region’s financial markets and also create governance for third country to access EU investors.

[activistinvesting]

Also read:

• Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More
  

  Smaller Hedge Funds May Go Without Research As Mifid .

  MiFID II will usher in changes to sell-side commissions –

• ESMA MiFID II Rules Mandate Listening To All Your Conversations

Key Obligations

The obligations are fairly onerous and will require funds to capture, record and analyze much more data than they have done ever before and across all the core processes of the fund (Operations, Accounting, Trading, Investor Relations, Risk and Compliance) as all are affected directly/indirectly.