A transaction reporting regime has been in place at EU level for some time, albeit much was delegated to national implementation. Under MiFID II, the reporting regime will be overhauled and significantly extended in terms of scope and content. There are other reporting regimes, such as those under EMIR and REMIT, which create some overlapping requirements.

Introduction -

This note discusses the transaction reporting requirements under the new Markets in Financial Instruments Directive (“MiFID II”)1 and the Markets in Financial Instruments Regulation (“MiFIR”).2 It is one in a series of client notes that will discuss the changes to the existing regime under the original MiFID I3 that will come into effect on 3 January 2017.