Thursday September 21 2017
News Source: Global Exchanges
Focus: MiFID (Global Exchanges)
Type: General
Country: Cyprus
Link: http://www.cysec.gov.cy/en-GB/public-info/circulars/supervised/investment-firms/
The Cyprus Securities and Exchange Commission (‘CySEC’) has published a circular outling the Transactions Reporting Requirements which will be implemented with the introduction of MiFIR.
The Requirements are provided in Article 26 of Regulation (EU) No 600/2014 on Markets in Financial Instruments (‘MiFIR’) and they will enter into force on 3 January 2018.
MiFIR imposes major changes to MiFID I in the area of transaction reporting.
The new arrangements will require reporting to be undertaken for the following:
• financial instruments for which transactions should be reported (additional financial instruments are captured under MiFIR)
• information that should be provided per each transaction (MiFIR extends the information to be included in transaction reports compared to MiFID I from 23 data fields to 65 data fields).
For additional information please click the link above.