MiFIR Seminar – Transaction Reporting
MiFIR Seminar – Transaction Reporting. In the program:
- the mode and principles of reporting
- the National Depository for Securities as an approved reporting mechanism
- the implementation of the requirements from the perspective of IT – the Cesarz_MiFIR Risco Software solution and system designed with the view to fulfilling the requirements of the MiFIR regulation and the MiFID II Directive which extend the obligation to report financial market transactions to the Polish Financial Supervision Authority.
Sofitel Hotel , Warsaw, May 30th, 2017.
Mariusz Więckowski – ARETO
Marcin Wrona – KDPW_TR
Cezary Gocłowski – Risco Software
The program of the seminar has been described as follows:
The MiFID II/MiFIR regulatory package which is currently being implemented imposes, among other things, the obligation to report transactions to supervisory authorities. The manner of reporting which has been binding so far (based on article 93a of the Trading in Financial Instruments Law) undergoes a fundamental change. Actually, the only unchanged element is the reporting period: “until the next day after the conclusion of a transaction”. The scope of the instruments subject to reporting is significantly extended (e.g. some of the traditionally OTC derivative transactions), the scope of events (e.g. some transfers of financial instruments between accounts), and the reporting mode (by new entities specializing in intermediary reporting services: approved reporting mechanisms, ARMs). The scope of the information submitted in the report is also significantly extended (e.g. the PESEL – English: Polish Resident Identification Number – of the person making an investment decision). The existing reporting mode for all stock market transactions which has been binding for regulated markets is removed, which means that brokerage houses and offices will be fully responsible for reporting stock exchange transactions.
The changes described above mean that entities subject to the requirement (investment companies and banks) will have to verify the scope of events subject to reporting and implement new mechanisms for the management of reporting. In relation to the possibility of reporting through ARMs, it is necessary to establish a relationship with such an entity.
The seminar will include a detailed discussion of the scope and manner of reporting – taking into account the implementing acts and the guidelines of the European Securities and Markets Authority – and of the manner of cooperation with the National Depository for Securities which will act as an ARM on the Polish market. The technological aspects of the reporting process will also be covered, taking as an example the CESARZ application of the Risco Software company.
You will find more information about the seminar in the file available for download below and on www.kaganpartners.pl
You are welcome to participate in the seminar!