With MiFID II in force, now more than ever – firms are facing the pressure to comply and to have full control of their Transaction Reporting.
The regulation states that firms are required to demonstrate that they have full oversight and control of the trade lifecycle to fulfil Transaction Reporting obligations.
At the session we explained how AutoRek performs data integrity/validation checks, creates a golden source of data ahead of reporting into the firm’s selected ARM (Approved Reporting Mechanism) and simplifies the 3-way Reconciliation process.
Over the past year BDO has supported a number of clients across the FS sector with post implementation reviews and specific ‘deep dives’ on areas that firms have found challenging. Richard Barnwell, Adam Soilleux and Yasin Sridhar from BDO UK LLP provided insight on the key challenges facing firms and what the evolving regulatory expectations are. The focus was on transaction/trade reporting but also included; Research, Inducements and Governance.
AutoRek demonstrated how their system is being used by top UK asset manager to fulfil their post reporting controls.
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