Trade & Transaction Reporting Services

Identify failings in the completeness, accuracy, and timeliness of your MiFID/MiFIR and EMIR regulatory reporting with our team of experts.

The requirement to report details of transactions has existed for many years but, as regulations have evolved, this has become increasingly onerous and complex. The FCA has identified improved regulatory reporting as one of its supervisory priorities, having already levied fines of varying sizes totaling more than £130m for reporting errors or omissions under MiFID and EMIR.

Our award winning trade and transaction reporting solutions help your firm identify failings in the completeness, accuracy, and timeliness of your trade and transaction reports. The prompt identification of errors can significantly reduce the cost and reputational risk from regulatory scrutiny and enforcement as well as the operational burden of re-reporting.

Our solutions

Systems and Controls Reviews

For one-off or recurring reviews of the controls surrounding your firm’s reporting framework.

By looking at both the design and operation of those controls, we help ensure that you have the appropriate monitoring, oversight and governance arrangements in place to facilitate correct reporting. These reviews are available for a combination of reporting regimes, in addition to the ARRMA service or as a standalone service.

Click here to speak to an expert

ACA Regulatory Reporting Monitoring & Assurance Support (ARRMA)

For a regular, cost-effective solution to analyse the data included in your firm’s reports and identify issues relating to the accuracy, completeness and timeliness.

By blending technology with consulting services, our award winning solution helps firms undertake meaningful monitoring that would otherwise require intensive, expensive and burdensome internal resources. Our reviews can be conducted monthly or quarterly with costs determined on a sliding scale to reflect report volumes.

Click here to book a free review

Training

We provide training for topics including transaction reporting, EMIR, market abuse, trade surveillance, senior management obligations, governance and compliance officer roles and responsibilities.

These are delivered by one of our specialist trainers and can be customised to meet your firm’s needs.

Click here to view our training options

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Solution Spotlight

Complimentary ARRMA lite review

Take advantage of a complimentary one-time reporting analysis to help identify the percentage of your reports featuring an error.

97% of firms analysed by our award winning ARRMA service have shown errors in their reporting* and many firms are still in breach by not incorporating market data processor (MDP) data in their MiFIR transaction reporting monitoring.

This complimentary analysis will help you get an independent overview of the health of your reporting framework. It includes a summary report identifying, among other things, the percentage of reports submitted that include an error and the number and type of errors affecting those reports.

Our team

Matthew Chapman

Matthew Chapman

Managing Director

Matthew is a Managing Director at ACA, responsible for regulatory implementation projects and co-lead on ACA's Regulatory Reporting & Assurance (ARRMA) Service.

Charlotte Longman

Charlotte Longman

Director

Charlotte Longman is a Director in ACA's UK regulatory compliance team. She specialses in implementation projects and client project delivery programmes in areas such a transaction reporting and market abuse.

Headshot of Andrae Young

Andraé Young

Consultant

Andraé is a European based compliance consultant and regulatory reporting subject matter leader.

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Why work with us?

Our deep expertise

Our deep expertise in compliance and market surveillance technology can help strengthen your trade and transaction reporting programme, identify potential business and compliance risks, and avoid potential problems arising with key stakeholders, regulators, and current and prospective clients.

Our specialist team

Our specialist team has performed numerous EMIR and MiFIR reviews, from high-level control testing to full scope data analysis, logic specification and control design projects.

Our insights and benchmarking

We provide insights from quantitative ARRMA peer analysis to help you understand how your firm compares to its industry peers. This benchmarking is a valuable addition to your firm’s management body reporting as part of ongoing governance.

Latest trade and transaction reporting insights

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ACA's Regulatory Reporting Monitoring & Assurance (ARRMA) service winner of the 2021 HFM European Technology Awards

July 19, 2021

Within a year of launching, ACA Group is delighted to announce that our ACA Regulatory Reporting Monitoring & Assurance (ARRMA) service has been selected as Best Regulatory Reporting Solution in the 2021 HFM European Technology Awards.

News
  • Regulatory Technology
  • Trade & Transaction
  • ACA News
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Majority of Firms in Breach of Transaction Reporting Requirements

July 01, 2021

Data from a Freedom of Information Request to the FCA has revealed that firms are either transaction reporting incorrectly or not adhering to the MiFIR requirement to monitor their reporting using submission data made available to them by the FCA.

Press Release
  • Compliance
  • Trade & Transaction
  • ACA News
  • FCA
EU and UK Flags

Brexit: EMIR Reporting - Getting the Right Repository

June 29, 2021

Brexit is another in a long line of moving goalposts that requires firms to revisit their EMIR reporting arrangements. Are you confident your reports are being submitted correctly? Download our guidance to learn more.

Compliance Alert
  • Compliance
  • Brexit
  • Trade & Transaction
  • FCA
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New Research Shows That 97% of Firms are Reporting Incorrectly Under MiFIR/EMIR

June 17, 2021

Recent research and analysis shows 97% of reports under MIFIR/EMIR contain inaccuracies, on average each report has 30 separate error types. But worryingly, despite this, 87% of firms are confident in the quality of their reports. On the anniversary of EMIR REFIT, data quality is still poor

Press Release
  • Compliance
  • Trade & Transaction
  • Managed Services
  • ACA News
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Navigating Evolving Risks on the Regulatory Horizon

May 11, 2021

Regulatory change, COVID-19 fallout, and a rapidly mutating ecosystem of risks make this a challenging year for financial services firms. In our complimentary whitepaper, we examine the future of risk and compliance and how firms must respond to rapidly evolving circumstances.

Article
  • Trade & Transaction
  • Compliance
  • ESG
  • Managed Services
  • Regulatory Deadlines
  • Regulatory Technology
  • ComplianceAlpha
  • FCA
  • SEC
  • Cybersecurity
  • RiskMutation
  • Brexit
  • COVID-19
  • GIPS Standards
  • Mirabella

ESMA final report recommends expansion of transaction reporting regime to AIFMS and UCITS Management Companies

April 08, 2021

ESMA has published a final report assessing the functioning of the Transaction Reporting regime under Article 26 of the Markets in Financial Instruments Regulation (“MiFIR”). Among a number of proposed changes perhaps the most impactful is the recommendation that UCITS management companies and AIFMs that are providing one or more MiFID services (i.e., Collective Portfolio Management or ‘CPMI’ firms) should be subject to transaction reporting

Article
  • Trade & Transaction
  • Compliance

Featured webcasts

MiFIR Transaction Reporting: A Practical Guide

Join us on Monday, 19 July at 11:00am BST for a complimentary webcast to mark the forthcoming launch of AIMA’s MiFIR Transaction Reporting Guide that has been developed with the support of ACA Group.

Webcast

EMIR Refit: Reporting Checklist

The most recent phase of the amended European Market Infrastructure Regulation (“EMIR REFIT” or simply “REFIT”) came into effect on 18 June 2020. These latest requirements are designed to simplify a derivatives regime currently seen as burdensome to some market participants, particularly those whose risk profile is unlikely to impact macro stability.

Webcast

News

96% of Firms Unprepared for the FCA’s New Prudential Regime

With less than six months to go until UK investment firms are subjected to a completely new prudential regime, a recent survey reveals that the industry is vastly underprepared. The data shows that just 4% of respondents are ready and capitalised for the FCA’s new Investment Firm Prudential Regime (IFPR) coming into effect in January 2022. Learn more about what this means for firms.

Waters Rankings 2021 Name ACA Group's ComplianceAlpha® Best Anti-Money Laundering Compliance Solution Provider

Our ComplianceAlpha® platform has been named Best Anti-Money Laundering Compliance Solution Provider in the Waters Rankings 2021.

ACA's Regulatory Reporting Monitoring & Assurance (ARRMA) service winner of the 2021 HFM European Technology Awards

Within a year of launching, ACA Group is delighted to announce that our ACA Regulatory Reporting Monitoring & Assurance (ARRMA) service has been selected as Best Regulatory Reporting Solution in the 2021 HFM European Technology Awards.