MiFID II Transaction Reporting Deep Dive: Aggregated Orders & INTC Convention
Key Takeaways
- Explains how the INTC convention links market and client-side reports for aggregated transactions under MiFID II.
- Covers when and how INTC should be used, including balancing requirements and allocation rules across client orders.
- Highlights common data quality issues such as INTC imbalances and challenges linking executions to client allocations.
- Outlines ongoing FCA discussions and potential changes to INTC, including the introduction of linking codes.
- Provides practical guidance and tooling approaches to detect, correct, and prevent incorrect INTC usage in reporting.
Qomply’s MiFID II Deep Dive: Focus on Aggregated Orders & INTC Convention guide provides a practical overview of how to correctly apply the INTC reporting convention within transaction reporting. It explains when INTC should be used, how to ensure accurate allocation of trades across client orders, and the importance of balancing market and client-side reporting.
The guide also highlights common data quality issues observed across firms, including INTC imbalances and challenges in linking market executions to client allocations. It explores the root causes of these issues and the risks they pose to reporting accuracy and regulatory compliance.
In addition, it outlines ongoing FCA discussions on the future of INTC, including proposed changes such as the introduction of linking codes to improve transparency and reconciliation.
Designed for compliance and operations teams, this guide offers practical insights and best practices to help firms improve the accuracy, consistency, and reliability of their MiFID II transaction reporting.
How Qomply can help
Qomply’s Regulatory Reporting Hub combines regulatory expertise with AI, automation and data analytics to deliver scalable, audit-ready reporting intelligence that reduces errors, lowers remediation costs, and minimises operational and regulatory risk.
Covering regimes including MiFIR, EMIR Refit, SFTR, CFTC, CSA, MAS, ASIC and HKMA, Qomply also offers a fully managed service and operates globally from London.
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Designed to improve accuracy, reduce risk, and support confident transaction reporting.
