DTCC Adds EU MiFID Reporting to Its UK ARM and Global…
By Rick Steves
AI summary of the source article
DTCC has launched an EU Approved Reporting Mechanism under MiFID, extending a service it introduced in the UK in May. The new ARM enables European transaction report submissions through DTCC's existing single-sign-on portal.
Why it matters
Firms using DTCC for UK, EU, and trade repository reporting can manage processes through one interface and provider, which "can reduce duplicated access management and give staff a common view of submissions."
Key facts
- DTCC launched an EU Approved Reporting Mechanism (ARM) under MiFID.
- The launch extends a reporting service DTCC introduced in the UK in May.
- The service includes a 24/7 back-reporting channel and shares a single-sign-on portal with DTCC's UK ARM and Global Trade Repository.
Source excerpt · FinanceFeeds
The new service brings European transaction reporting into DTCC’s existing portal, putting workflow consolidation and data remediation at the centre of its pitch to investment firms. DTCC has launched an EU Approved Reporting Mechanism under MiFID , extending a service it introduced in the UK in May. The new ARM is designed to submit transaction reports for firms subject to the European regime, wi…