Guides

MiFID II: Most Common Reporting Issues & How to Mitigate Them

Published:18th September 2025

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.

Qomply helps financial firms achieve accurate, compliant transaction reporting across global regulatory regimes, while streamlining the operational and audit demands of regulatory reporting.

Our proprietary technology combines AI, automation and advanced data analytics to deliver scalable, audit-ready reporting intelligence. Through forensic-level quality assurance and streamlined reconciliation, Qomply helps firms strengthen data quality and reporting accuracy, automate controls, simplify audit processes and lower overall reporting costs.

Our technology provides greater oversight and operational efficiency while reducing the demands on internal teams.

For firms seeking to outsource their regulatory reporting operations, Qomply also offers a fully managed service. Combining our technology with deep regulatory expertise, Qomply Managed Services operates as an extension of, or alternative to, an in-house reporting function. This flexible model enables firms to outsource reporting operations while retaining the option to bring activities in-house as their own capabilities and resources evolve.

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