Regulatory Reporting and Transaction Reporting

Regulatory Reporting and Transaction Reporting

MiFIR Transaction Reporting regime is fundamental to supporting the Market Abuse Regime and seeking to maintain integrity in European Markets. The primary purpose of transaction reports is to detect and investigate suspected market abuse, insider dealer and market manipulation.


The Markets in Financial Services Regulation and Directive (MiFID II) is part of the wider European Financial Services Action Plan. The main aim of creating a single market for financial services is to establish a stable, competitive and transparent financial services framework across the European Union.


The Markets in Financial Instruments Regulation (MiFIR) Level 1 text states, under Article 26(1), that investment firms that execute transactions in financial instruments shall report complete and accurate details of such transactions to the Competent Authorities as quickly as possible and no later than the close of the following working day, 23:59:59 UTC to be exact.


This one day workshop will provide delegates with review and discuss the significant challenges for how firms operating within the Regulatory Reporting Framework.

Seminar Content

MiFIR Transaction Reporting


The primary purpose of transaction reports is to detect and investigate suspected market abuse, insider trading and market manipulation. Review of a transaction report is a key part of any investigation into alleged market abuse reported to any national competent authority.


  • Develop a greater understanding of the importance of Transaction Reporting
  • Understanding for regulatory outcomes and practical implications for Transaction Reporting Oversight
  • Identify scenarios of market abuse and the importance of Transaction Reporting to the prevention of financial crime.
  • Explore what is changing with MiFIR Transaction Reporting including approach, field analysis and scenarios.

Interrogating MiFIR Transaction Reports


MiFIR Transaction Reporting for European Regulatory Authorities is key as a measure of European market integrity. It is important that the revised transaction reporting system works and provides regulators with a supervision and enforcement tool to ensure that the European Market remains a global leader in financial services.


  • Examine the new reporting obligations for firms.
  • Analyze some of the relevant fields.
  • Explore how to navigate the ‘grey areas’ including client identifier and short-selling flag.
  • Illustrate scenarios and seek to identify challenges with the MiFID approach to implementation compared to the MiFIR approach to implementing transaction reporting.

Operational Oversight & Assurance


The Markets in Financial Instruments Regulation (MiFIR) text states that investment firms who execute transactions in financial instruments shall report complete and accurate details of such transactions. This session will examine the key risks to operational oversight and provide assurance.


  • Failure to submit accurate transaction reports has the potential to hinder the National Authority’s ability to detect and investigate suspected market abuse.
  • Establishing an operational approach to ensuring compliance in the new regulatory environment.
  • Exploring how firms manage outsourcing risk and due diligence with Third parties
  • Managing Transaction Reporting Systems Changes

Regulatory Challenges and Governance


National Competent Authorities have issued enforcement fines, private warnings, notifications and communications on transaction reporting to industry. During this session, we will examine the UK’s Financial Competent Authority’s approach to the regulation of transaction and lessons learnt for national competent authorities implementing the new approach under MiFIR.


  • Examine the MiFIR Regulatory Requirements including governance framework and controls, reporting data quality, assurance and testing guidelines.
  • Summarise the business process operational risks and identify controls and frameworks to mitigate the risks.
  • Explore areas of failure to submit accurate transaction reports, which firms need to consider in their regulatory assurance programs.
  • Identify key oversight risks and the implication of the introduction of the Accountability Regime.
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DATE: 27 March



LOCATION: EIMF Premises, Nicosia

TIME: 09:00 – 14:30

FEES: €220 + VAT

Start DateCourse TitleLocationCPD UnitsStatus
7 MarchCRD IV for Investment Firms and BanksLimassol14COMPLETED
24 AprilTransaction ReportingLimassol 5COMPLETED
1 JunePillar II Risk Management Framework: ICAAPNicosia 5UPCOMING

Registration Form

 If you need help completing the online registration form, please give us a call at 2227 4470.

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at

Attending this workshop will enable you to:


  • Explain the importance of transaction reporting to the detection of market abuse.
  • Describe the MiFID II regulatory process and timeframes for MiFID II implementation.
  • Develop a framework to meet regulator’s expectations, identifying key risks for operational oversight and assurance.
  • Analyse market activity post ‘Go Live’ 3rd– January 2018

Who should attend

This workshop will be of benefit to anyone who is likely to be affected by the changes to be brought in by MiFIR Transaction Reporting, including senior management, legal, compliance and those employees at the coalface.

Workshop Style

This workshop is designed to be participative throughout. The agenda will combine key formal presentations, case studies and syndicate discussion sessions. There will be ample opportunity for delegates to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session.


Vivienne Bannigan

Vivienne has a BA Jt Hons in Economics and Finance as well as an M.Econ.Sc in European Economics and Public Affairs and has gained professional qualifications in programme management. Additionally, Vivienne has over 17 years’ experience in the financial services sector, encompassing policy, operations, compliance and stakeholder and project management roles in leading industry institutions, including the Financial Services Authority (now the FCA), Royal Bank of Scotland and the BBA. Vivienne helps organisations and individuals develop the strategies and skills needed to address the regulatory, operational developmental and change management challenges they face. She has recently established her own company, Granuaile Limited, offering a fresh and unique approach to personal and organisational development. Additionally, Vivienne is currently studying Community Psychology at Brighton University.