Guides

Transaction Reporting Cheat Sheet

Published:18th November 2024

Qomply's Transaction Reporting Cheat Sheet includes free tools and resources for common reporting pain points such as:

Determining whether an ISIN is reportable under MiFID II/MiFIR transaction reporting
Finding reportable ISINs using descriptive instrument fields
Finding a UPI where an ISIN is available to ensure accurate reporting in regimes such as CFTC
Understanding and resolving the top RTS 22 error (CON-412)
Accurate reporting of venue field: XOFF vs XXXX
As well as supporting resources and tools

Transaction reporting is complex, data-intensive, and highly scrutinised by regulators. Firms are expected to ensure not only completeness but also accuracy across multiple data fields, identifiers, and reporting rules.

Qomply’s Transaction Reporting Cheat Sheet is designed as a practical, hands-on resource to help compliance and operations teams navigate common reporting challenges. It brings together:

Determining whether an ISIN is reportable under MiFID II/MiFIR transaction reporting
Finding reportable ISINs using descriptive instrument fields
Finding a UPI where an ISIN is available to support reporting in regimes such as CFTC
Converting MiFID XML files into CSV
Finding a reportable ISIN where a UPI is available (MiFID II & EMIR)
Reporting aggregated orders using the INTC convention
Meeting the requirements for reconciliation under Article 15 of RTS 22
Effective governance over trade & transaction reporting
Understanding and resolving the top RTS 22 error (CON-412)
Common rejections in EMIR Refit reporting
Reporting appropriate price & quantity notations
Accurate reporting of venue fields such as XOFF vs XXXX

It also includes supporting resources and tools:

Free Tool: MiFID II Reporting Checker
Free Tool: ISIN Quest
Free Tool: UPI Finder
Free Tool: MDP XML to CSV Converter
Free Tool: ISIN Finder
Blog: Understanding the use of INTC for Aggregated Client Accounts

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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