While efforts to create a consolidated tape tend to dominate recent market structure conversations, regulators and market participants also stress the urgent need to improve data standards and reduce duplications in reporting. Kaizen’s Director of MiFID II Transaction Reporting, Simon Appleton spoke to IFLR about MiFID II data standards and the overlaps in EMIR and MiFID II transaction reporting.
“The government is looking for views on how to mitigate duplicative reporting between regulations, like it did with Securities Financing Transaction Regulation (SFTR), when the Temporary Transitional Power expired.”
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