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Rules and Regulations

Regulatory Reporting Offering

Market participants have a myriad of regulatory reporting responsibilities currently required within the EU. When the MiFID II requirements are launched, the obligations will increase and will likely be an additional burden on companies and institutions.

Benefits of the Nasdaq Solution

Nasdaq’s Expertise 

Nasdaq has developed a comprehensive regulatory reporting service platform that provides clients with the advantage of being compliant with the latest regulations. With Nasdaq’s complete service platform, clients will avoid the risk of missing reporting obligations and will be prepared for additional regulatory requirements as they are implemented. 

Complete Service Platform 

The Nasdaq complete service platform is up-to-date and added requirements are implemented before they are needed. Operating on a robust platform, clients can rely on this service to meet their regulatory reporting obligations.

EMIR

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- Trade Repository Reporting

Under the European Market Infrastructure Regulation (EMIR), market participants are obligated to report all derivative contracts to Trade Repositories (TR). Nasdaq provides a reporting service that reports derivative contracts to a Trade Repository on the client's behalf.

One of the key directives under the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is the obligation for market participants to report wholesale energy market contracts to the Agency for the Cooperation of Energy Regulators (ACER). Nasdaq is an approved Registered Reporting Mechanism (RRM) and provides a reporting service to those clients impacted by REMIT.

Features to be enabled prior to relevant regulation enforcement

OTC Trade Publication

- APA

Nasdaq currently operates a facility that helps investment firms to meet the publication requirements for OTC transactions. When MiFID II takes effect, investment firms must comply with new transparency requirements for OTC transactions, which are wider-reaching than today’s. One of these requirements is that investment firms will have to make certain post trade information public through an Approved Publication Arrangement (APA). Nasdaq plans to operate an APA, helping participants to fulfill their publication obligations.

MiFID II Transaction Reporting

- ARM Reporting

Nasdaq operates a facility for Regulatory Reporting under MiFID I, helping clients to submit relevant data to the national competent authorities. Under MiFID II, Nasdaq is planning to operate an Approved Reporting Mechanism (ARM) and, offer transaction reporting services to its clients.

MiFID II Position Reporting

MiFID II requires all investment firms trading in commodity derivatives outside a trading venue to provide the competent authority with daily position reports, including a breakdown of positions and any client positions. Nasdaq plans to offer its clients a reporting service to help meet this requirement.

SFTR

- Securities Financing Transaction Regulation

The SFTR regulation took effect January 2016 and detailed reporting requirements are expected to be published within the next year. It is expected that market participants will be mandated to report details of securities financing transactions to Trade Repositories. Nasdaq plans to offer reporting services for clients that have reporting obligations under SFTR. 

In order to find out more about these offerings, please reach out to your key account manager or contact the Regulatory Reporting team at regulatoryreporting@nasdaq.com
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Contact Us
For Regulatory Reporting
regulatoryreporting@nasdaq.com
For OTC Trade Publication - APA
OTCpublication.mifid2@nasdaq.com
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