Professional Adviser

More than 1,000 investment firms fail MiFID II transaction reporting requirements

'Many thousands more' could be non-compliant

There were 1,335 notifications of transaction reporting submitted to the FCA in the first year of MiFID II
There were 1,335 notifications of transaction reporting submitted to the FCA in the first year of MiFID II
  • Mike Sheen
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More than 1,000 investment firms were found to have fallen short of transaction reporting requirements under MiFID II in 2018, while experts warn "many thousands more" could be picked up by an increasingly vigilant regulator.

There were 1,335 notifications of transaction reporting submitted to the Financial Conduct Authority (FCA) in the first year of MiFID II, which came into force in January 2018, with firms struggling to...

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