The need to improve the competitiveness of Europe and the recent global economic crisis made leading politicians and authorities realize that it is necessary to have standard money and capital market regulations. The high number of regulations worldwide affects all businesses, including the financial industry and investors. Legislation focuses on prevention, therefore secure and transparent terms of operation are needed to eliminate earlier loopholes and allow supranational and national authorities to monitor economic processes regularly through the individual transactions. To this end market participants were required to report, among others, the trades they entered. The most important relevant European Union regulations of recent years are as follows:
- EMIR – European Market Infrastructure Regulation
- REMIT – Regulation of wholesale Energy Market Integrity and Transparency
- MiFID II / MIFIR – Markets in Financial Instruments Directive / Markets in Financial Instruments Regulation
- SFTR - Securities Financing Transactions Regulation
- CRD IV – Capital Requirements Directive IV
- MAD II/ MAR – Market Abuse Directive
- ETR – Electricity Transparency Regulation
KELER’s Trade Reporting services cover both the capital and the energy markets. In order to act as a reporting agent, we have put a great emphasis on developing a straightforward solution including KELER’s Trade Reporting system, KELER TR.
As a reporting agent, KELER collects and forwards the required details of financial derivatives and energy trades to the relevant trade repository or authority. KELER TR offers the same platform for meeting REMIT, EMIR, MiFID II / MIFIR and, from April 2020, SFTR reporting obligations, making the data submission easy and straightforward for Clients.