Regulatory Compliance SolutionsLearn more about our regulatory compliance and reporting solutions. MiFID II capabilities, custom and bespoke reporting and large-volume data-handling. Read more below, or get in touch to organise a free proof of concept. Get In Touch
Regulatory Reporting Modules
MiFID II Record Keeping
MiFID II states that all orders, transactions, communications and documentation must be stored for up to 7 years in write once, read many file format. Our MiFID II Record Keeping solution allows you to do this easiliy, no matter how much data your firm has. All this data can then be compiled into reports at the click of a button.
We offer MiFID II, MiFIR, SFTR and REMIT reporting solutions for any size of firm. Our reporting solutions can ingest and process huge volumes of data and instantly compile detailed and comprehensive reports. It’s a flexible and scalable approach to help your firm meet a variety of complex reporting requirements.
Regulatory compliance for modern markets.
Keeping up with regulatory requirements is hard. MiFID II has introduced new reporting requirements and new data storage requirements.
Our regulatory compliance solutions have been built specifically to help firms manage all these new regulations.
You can generate bespoke and premade reports. You can store large volumes of data, and access it at the click of a button.
And it’s all powered by PATH – our solution platform designed specifically to deal with high volumes of data.
MiFID II, implemented by the European Securities and Markets Authority (ESMA), is designed to make financial markets more efficient and resilient. It focuses on improving transactional transparency, strengthening the protection of investors and preventing market abuse from occurring.
With around 30,000 pages of rules, the implementation of this new regulatory framework marks the biggest change to financial markets in a decade. While technically a European piece of legislation, MiFID II has fundamentally altered financial institutions around the world.
Features and Benefits
Learn more about what’s included in our regulatory compliance and reporting solutions. All our solutions come with free proof of concept. To organise a demo or ask any questions, get in touch using the button below.
Global Regulatory Compatability
Our regulatory solutions cover the requirements of a number of global regulatory standards.
MiFID II/ MiFIR Compliance
Coverage for all of ESMA’s financial regulatory guidelines, including MiFID II, MiFIR, MAR, MAD II and RTS 27/RTS 28.
Set up all users in your firm with permissions that suit their role and streamline your compliance workflow.
Preset and Bespoke Reports
Compile a wide range of ready-to-export reports, including RTS 27 and RTS 28 functionality.
Large Volume Data Handling
TZ can ingest and process extremely large volumes of data – millions of trades can be processed every day.
Immediate Access to Data
Reports can be compiled at any time and for any date range, allowing you to access all your data at the click of a button.
The eflow Blog
ESMA Releases Public Statement on MiFID II Best Execution Reporting During COVID-19 Pandemic The disruption to markets caused by preventative lockdowns in response to the Coronavirus pandemic has caused execution venues and firms a great deal of uncertainty with...
Updated Opinions on Position Limits Under MiFID II Published by ESMA On February 7th, ESMA published seven opinions on position limits regarding commodity derivatives under MiFID II/MiFIR. The opinions published by ESMA agree with a number of proposed position limits...
Global financial institutions have been fined over $36 billion since 2008 At the close of the decade, global fines for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions regulations have exceeded $36 billion since the financial...
changes caused by mifid ii
MiFID II has significantly changed the financial landscape since it came into effect on January 3rd, 2018. The changes that ESMA outlined in this landmark piece of legislation are hugely wide-ranging. But, despite this, there are some core concepts that are common to most MiFID II regulations. Four of the biggest changes include:
These updated measures in MiFID II represent a major shift in the day-to-day practices of financial firms, with a greater focus on fintech.
To achieve regulatory compliance, a firm’s systems, organisational processes and tools will all need to meet strict new standards. It is particularly important that firms use fintech software that is specifically designed to meet the latest regulatory requirements: eflow’s regulatory compliance solutions are intended to do just that.
Two of the most pressing issues are transactional reporting and data storage. The updates made to transaction reporting will help regulators detect and prevent market abuse, offering increased protection to the client behind the transaction and anyone working on behalf of the client putting. But, to do this, regulators need a greater amount of detailed and accurate data from firms. Firms will also be required to store this data for a period of minimum five years – a significant increase from the current MiFID stipulation of six months.
Because of these changes, firms still using legacy systems have been put under pressure. Owing to their older procedures, they may not be able to handle the time-sensitive nature of regulatory reporting or the volume of data demanded.
With that in mind, eflow’s regulatory compliance solutions are a necessity for any firm hoping to keep on top of ESMA’s complex legislations. It is easy to implement and will cause minimal disruption to your firm’s pre-existing processes.
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