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The agreement between the two entities allows the bank to use Kaizen’s ReportShield Accuracy Testing to meet MiFIR reporting requirements
The exercise will help to collect registers of information of contractual arrangements on the use of ICT third-party service providers by financial entities
The Accelerated Settlement Taskforce report recommends that the UK should aim to move to T+1 no later than the end of 2027 — the government “fully endorses” this as firms require sufficient time to prepare for the transition
Participants highlighted the need for a clear signal from the regulatory front at the start of the work and clear coordination between regulators and the industry
NAPFM, AIMA AND MFA say by “failing to definitively and accurately define what a dealer is” the Dealer Rule may deter regulated market participants from engaging in investment activity in various asset classes
SFTR 2.0 is likely to be rolled out when there is a new mandate from the European Commission in 2025 and could incorporate a tax element, following tax abuse scandals across Europe
Basel Committee considers requiring banks falling into scope of the Global Systemically Important Bank (G-SIB) framework to report G-SIB indicators based on average values over the reporting year, rather than by using year-end values