MiFID II: Most Common Reporting Issues & How to Mitigate Them
Key Takeaways
- Identifies the most common MiFID II reporting errors based on Qomply's large scale industry data.
- Explains key issues such as missing country of branch, transmission indicator errors, and time precision.
- Highlights data challenges in bond pricing conventions, trade size reporting, and FIRDS validation.
- Provides practical mitigation steps to improve data quality, controls, and reporting accuracy.
- Designed for compliance and operations teams looking to reduce errors and strengthen reporting frameworks.
Qomply processes more than 1 billion transaction reports every year, giving us deep visibility into the recurring pitfalls that firms face in MiFID II reporting. This scale of reporting data allows us to identify not just isolated errors, but recurring industry-wide trends that reveal where reporting frameworks and internal controls are falling short. From missing country of branch details to issues with time precision, these challenges are not simply technical data quirks – they point to deeper weaknesses in governance, oversight, and system design. Both the FCA and ESMA have repeatedly highlighted these shortcomings, and firms that fail to address them expose themselves to operational inefficiencies, heightened regulatory scrutiny, and reputational risk.
In this guide, we break down the "What", "Why", and "How" of the most common MiFID II reporting errors - giving you practical, actionable steps to strengthen your reporting framework and reduce compliance risk.
Download the guide today and get actionable steps to reduce compliance risk and build stronger reporting controls.
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.
Purpose-built solutions and services for regulatory reporting
Designed to improve accuracy, reduce risk, and support confident transaction reporting.
