Transaction-level reporting under EU markets regulation: MiFIR Article 26 trade reports to NCAs, EMIR derivatives reporting to trade repositories, SFTR for securities financing transactions, and the ESMA active account requirement under EMIR 3.0. This section also covers EMIR initial margin reporting and the IM model authorisation regime now applying to firms above the IM threshold. Articles explain the field-level requirements, lifecycle events (new, modify, terminate, error correction), reconciliation expectations, and the most common reporting errors that trigger NCA queries. Start with the MiFIR transaction reporting guide for the Article 26 fundamentals or the EMIR reporting guide for derivatives reporting essentials.
A single lapsed LEI can cascade into hundreds of rejected EMIR reports overnight, and those trades then have to be reconstructed and resubmitted. That is the reality of EMIR reporting: the regulation itself is logical enough, but the operational details will find every gap in your process. EMIR reporting applies to every entity that enters…
What Is MiFIR Transaction Reporting? Article 26 in Plain Terms MiFIR transaction reporting is the obligation, set out in Article 26 of Regulation (EU) No 600/2014 (MiFIR), that applies to investment firms and, under Article 1(2), to credit institutions when they provide investment services and/or perform investment activities. Where such an entity executes a reportable…