Investment Firm Delegates Reporting Operations to Qomply's Managed Services
Key Takeaways
- A US firm entering the UK needed immediate, accurate MiFID reporting but lacked internal capability.
- Qomply took over end-to-end reporting operations, ensuring compliance from day one.
- Delegating to Qomply enabled a much faster launch and let the client focus on trading, not reporting.
- The model provided flexibility, with full oversight and the option to bring reporting in-house later.
Overview
Discover how a newly established UK firm reduced its operational pipeline by delegating its transaction reporting operations to Qomply's Managed Services.
Challenge
A US-based buy-side firm recently received FCA authorisation to trade OTC derivatives in the UK.
Recognising that MiFID transaction reporting represents a potential point of entry for regulators, the firm wanted to ensure its transaction reporting was exemplary. However, the firm lacked the resources and expertise to implement a comprehensive reporting operation while focusing on getting its trading operations up and running.
Qomply’s Managed Service was invaluable in ensuring our transaction reporting was accurate and compliant from day one. Their expertise allowed us to focus on building our trading operations, knowing that the reporting process was in capable hands. The peace of mind and efficiency they provided were critical to our successful launch.
- Operations & Compliance Manager, US Buy-Side Firm
Solution
The firm selected Qomply’s Managed Service offering to completely delegate the operational aspects of transaction reporting.
Qomply’s experts handle day-to-day report generation, quality control, and exception handling, allowing the firm to focus on building their business.
The firm oversees the reporting from its US office, while Qomply's team manages daily issues.
Impact
- 200% Reduction in time to launch: Operations fully ready
- 100% Peace of mind
- Enabled firm to start trading immediately
- Ensured accurate reports immediately
- Empowered firm to migrate in house when ready
- Empowered firm to conduct oversight
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.
