{"id":21195,"date":"2025-10-16T14:03:09","date_gmt":"2025-10-16T12:03:09","guid":{"rendered":"https:\/\/www.amafi.fr\/?p=21195"},"modified":"2025-10-16T14:04:09","modified_gmt":"2025-10-16T12:04:09","slug":"transaction-reporting-amafi-calls-for-ambitious-reforms-2","status":"publish","type":"post","link":"https:\/\/www.amafi.fr\/en\/transaction-reporting-amafi-calls-for-ambitious-reforms-2\/","title":{"rendered":"Transaction reporting \u2013 AMAFI calls for ambitious reforms"},"content":{"rendered":"\n<p>Responding to ESMA&#8217;s recent consultation on simplifying reporting requirements under EMIR, MiFIR and SFTR, AMAFI called for a bold approach that includes a single, centralised transaction reporting system <a href=\"https:\/\/www.amafi.fr\/pdf-viewer\/?id=20941\">(AMAFI \/ 25-67<\/a>).<\/p>\n\n\n\n<p>The existing system is overly complex and costly, incompatible with efficient market functioning and detrimental to competitiveness. These issues can be tackled in a two-step approach:<\/p>\n\n\n\n<p>First, review the value of the data collected, to ensure that only information that is truly germane to supervision is retained. Achieve quick wins through targeted but substantial streamlining measures.<\/p>\n\n\n\n<p>Further out, set up a single, centralised reporting system backed by ESMA&#8217;s technical infrastructure.<\/p>\n\n\n\n<p>Close collaboration between authorities and market participants will be needed for this transformation to be successful. AMAFI therefore recommended creating a dedicated European task force modelled on the group set up to manage the switch to T+1 settlement. The European Forum of Securities Associations (EFSA), to which AMAFI belongs, has endorsed these recommendations (<a href=\"https:\/\/www.amafi.fr\/pdf-viewer\/?id=20930\">AMAFI \/ 25-65<\/a>).<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Responding to ESMA&#8217;s recent consultation on simplifying reporting requirements under EMIR, MiFIR and SFTR, AMAFI called for a bold approach [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":21197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":""},"categories":[122],"tags":[],"class_list":["post-21195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/21195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/comments?post=21195"}],"version-history":[{"count":2,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/21195\/revisions"}],"predecessor-version":[{"id":21199,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/21195\/revisions\/21199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/media\/21197"}],"wp:attachment":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/media?parent=21195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/categories?post=21195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/tags?post=21195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}