What Regulators do with your MiFID II data, EMIR Changes and Compliance Updates

MiFID II has hit the half year mark, which means regulators now have six months of data to look at. To delve deeper as to what ESMA and local National Competent Authorities (NCAs) are doing with the data and how they are supervising MiFID II, Cappitech recently organized a Working Group morning for Compliance Officers. The event was hosted by Duff & Phelps, a global…

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‘No LEI no Trade ‘fully goes into effect for MiFID II in July

Under MIFID II, investment firms trading with Legal Entities were required to make sure these counterparties had a registered Legal Entity Identifier (LEI) before trading with them (more on LEIs and how to get one). Due to the backlog of registering for an LEI, ESMA provided a six month grace period of which firms could use a temporary identification number as long as their counterparty…

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Cappitech Raises $4 Million in Series A Financing to Fuel Growth and Innovation

Cappitech is excited to announce that we have secured $4 million in series A financing. The financing round was led by 83North with participation from Rony Grushka and Kevin Gould, co-founders of Markit, one of the world’s most highly respected financial information companies with a market cap of $20 billion. As part of the agreement, Rony Grushka, renowned for his expertise in accelerating global business…

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Cappitech launches RTS 27 Best Execution solution to bolster MiFID II offering

With the first deadline of RTS 27 reports quickly approaching, Cappitech Regulation, a leading provider of regulation technology for the financial services industry has launched a solution to support the new regulation standard. The new product grows Cappitech’s MiFID II suite of offerings that already includes Transaction Reporting, Trade Reporting to an APA and Best Execution monitoring.

FCA Seemingly exempts Cryptocurrency CFDs from MiFID II reporting

Last Friday, the UK’s Financial Conduct Authority (FCA) issued a statement clarifying the authorization of cryptocurrency derivatives. In the statement (link), they explained that offering trading in cryptocurrencies such as bitcoin are not currently regulated by the FCA. However, requiring to be authorized are derivatives based on cryptocurrencies such as CFDs, options and futures.

What’s next on the minds of CFD broker compliance teams? Capital Requirements

Regulation and compliance continues to evolve. While EMIR and MiFID II are worries of yesterday and today, tomorrow has its own set of acronyms worrying compliance officers. With this in mind, Cappitech held a small compliance working group forum this past month in London. Composed of CFD broker compliance officers and consultants, the group was an opportunity to learn how other firms are handling new…

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CySEC begins investigation of MIFID II (MiFIR) compliance among license holders

With MiFIR and MiFID II going live on January 3rd, regulators have begun to ask, “who isn’t reporting?” While many country regulators have been quietly reviewing the MiFIR transaction reporting that has been submitted to them, CySEC has taken a proactive stance. Reviewing reporting data submitted to them between January 3rd to January 24th, 2018, the Cypriot regulator has sent letters to investment firms of…

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