In this opinion piece, we look at how it’s impossible for firms, even an ARM or APA, to determine with complete accuracy if an instrument is in scope for reporting at the time those reports are made. Having illustrated the problem, we go on to explore how a firm can meet its regulatory obligation to […]
Category: Regulation
Dec 01, 2021
Jan 11, 2021
Following the end of the Brexit Transition Period, the Financial Conduct Authority of the United Kingdom replaced several ESMA systems and datasets. This data helps firms, amongst other things, to determine their UK reporting obligations. These new FCA data sets are deemed by the FCA to be the accepted data sets to be used by […]
Nov 03, 2020
Oktris is delighted to announce its new web portal which is open to all and at launch incorporates the free-of-charge Oktris FIRDS service to greatly simplify the user experience when accessing FIRDS instrument reference data from ESMA (and, in anticipation of the 1st January Brexit deadline, from the FCA too). The Oktris approach centres on […]
Jul 15, 2018
Financial Instruments Reference Data System (‘FIRDS’) is a data collection infrastructure established by the European Securities and Markets Authority (ESMA), in cooperation with the EU competent national authorities (NCAs), in order to collect data in an efficient and harmonised manner. FIRDS will need to cover the entire range of financial instruments that are included in the […]