QomplyDirect
Empowers firms to send transaction reports directly to the FCA, eliminating the need for an ARM.
Direct control in managing your transaction reporting and your costs.
Reduce costs and take control of your transaction reporting
QomplyDirect enriches transaction reports, filters by reportability, and validates. Users then send directly to the FCA and monitor and manage status through the Qomply platform. A full-service solution for firms wishing to retain control of their reporting and eliminate the requirement for an ARM.
Firms wishing to undergo a staged migration may elect to continue using the ARM to submit their data in conjunction with QomplyDirect as it can connect directly to most leading ARMs. Users are able to monitor report status through one portal – QomplyDirect.
For firms wishing to implement a completely “hands-off” solution, QomplyDirect can be used in conjunction with QomplyEngine. QomplyEngine that will take raw trade files directly from a drop point, create the transaction report on behalf of the firm, enrich, filter, validate and send. Large data volumes can be managed automatically via our API.
Overview
CONTROL
Retain control of your transaction reporting and eliminate the requirement for an ARM by connecting directly with the FCA.
COST EFFECTIVE
Realise costs savings and gain efficiencies by reporting directly to the regulator. Remove costly back-reporting charges.
FLEXIBILITY
Various options available based on your needs from a staged migration to a full end-to-end service.
CONSOLIDATION
Streamline and monitor the status of your transaction reports through one portal – QomplyDirect.
END TO END SERVICE
Combined with QomplyEngine, QomplyDirect takes care of it all - from creating the transaction report to response monitoring.
Trusted by top investment firms
Learn how Qomply helps leading investment firms meet regulatory demands with confidence.
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Qomply has reduced the complexity of what was a tedious and painful process. The scope and breadth of their platform helped us address our regulatory obligations around transaction reporting reconciliation.
Simon HebbCompliance Director, Gore Browne Investment Management
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Qomply's solutions are innovative and client focused. Their solutions recognise the importance of data quality and demonstrate an in-depth understanding of the challenges faced by the spectrum of investment firms in maintaining accurate reports.
Zach JohnsonDirector, Regulatory Consulting, Kroll
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Qomply has become a core component of our MiFIR control framework. The level of insight we now have over our data has given us greater confidence in the accuracy and quality of our regulatory submissions.
Jamie CotterOperations Manager, MASECO
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By adopting Qomply's solution, we have managed to automate a number of aspects of our verification checks, enabling us to greatly improve the efficiency of the overall reporting process.
James WatermanOperations Director, Third Financial
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Bringing Qomply on-board to use as part of our validation process for transaction reporting has given us confidence as a business that the transaction reports that we are submitting are delivered accurately.
John GillesHead of Operations, Senior Associate, Shackleton
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Their team, headed up by former FCA Regulator, Sophia Fulugunya, takes care of our daily reporting tasks, undertaking daily quality assurance which frees up considerable resources internally. The team are responsive and really know their stuff, always willing to go the extra mile when necessary. A real gamechanger.
Oliver StantonCompliance Manager & Data Protection Officer, James Sharp & Co.
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Qomply have combined a genuine grasp of complex regulations with polished technology. The result is a tool that strengthens the hand of those seeking to manage the regulatory risk that comes with trade and transaction reporting.
Eoghan HartiganManaging Consultant, Ocorian
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Qomply offers an excellent solution for firms aiming to assume control of their regulatory reporting obligations while reducing fees. Their team's deep understanding of regulatory requirements ensures accurate and reliable solutions for your firm's needs.
Variance Capital
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Qomply's technology transformed a previously labour-intensive task into a much more efficient process. With Qomply's technology and straightforward interface, transactional data can be analysed and diagnosed against a comprehensive set of rules within seconds.
Director, Professional Services Consulting Firm, BDO
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Qomply's technology has helped us improve the accuracy and efficiency of our regulatory reporting framework. Good industry knowledge and practical experience combined with a can do attitude makes them a great partner to work with.
Martin WilliamsHead of Investment Operations, Arbuthnot Latham
Frequently asked questions
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QomplyDirect is a transaction reporting solution that enables firms to send MiFID transaction reports directly to the FCA, without relying on an Approved Reporting Mechanism (ARM). It enriches, validates, filters, and submits reports, while allowing full visibility and control through a single platform.
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Firms are permitted to submit transaction reports directly to the FCA under MiFIR Article 26(7). Using an ARM is optional, not mandatory.
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QomplyDirect processes transaction data by:
- Enriching raw trade data
- Filtering reportable vs non-reportable transactions
- Applying validation checks
- Firms submit directly to the FCA via QomplyDirect
- Providing real-time monitoring and status tracking
All of this is managed through a single, centralised platform.
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- Greater control over reporting processes
- Reduced reliance on third parties
- Elimination of ARM-related fees
- No per-transaction or back-reporting charges
- Streamlined reporting and monitoring in one system
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Yes. Firms can adopt a staged migration approach, continuing to use their ARM while integrating QomplyDirect. The platform can connect to most leading ARMs and consolidate reporting oversight into one portal.
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Yes. As firms seek to reduce costs and gain greater control over reporting infrastructure, there is a growing trend toward direct reporting to the regulator rather than relying on ARMs.
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