How do I check if an ISIN is MiFID-reportable?

Users can input an ISIN, a list of ISINs, or upload a CSV for a specific trade date. The service generates an output showing reportability by region.

Why is MiFID reportability important?

MiFID transaction reporting obligations apply to certain instruments (including those traded on a trading venue and certain derivatives). Confirming reportability helps firms avoid uncertainty and reduce reporting risk.

Where can I access the free MiFID reportability tool?

Qomply’s tool is available at https://qti.qomplypi.com/firdslookup.

MiFID Reportability Tool

Q: What is the Qomply free MiFID reportability service?

Qomply provides a free service that determines whether a financial instrument was MiFID-reportable in the UK, the EU, or both for a specified trade date.

Q: Which reference data sources does the tool use?

The service queries both UK and EU FIRDS reference data. Following Brexit, ESMA and the FCA have operated separate FIRDS databases.

Qomply's Free Solution Instantly Checks FIRDS Data

19 January 2021

Qomply’s free MiFID reportability tool checks whether an ISIN was reportable under MiFID II on a given trade date in the UK, the EU, or both—by querying FIRDS reference data. Users can paste a single ISIN, a list, or upload a CSV to generate a reportability output.

To facilitate the availability of data and enable firms to conduct quick MiFID reportability checks, Qomply has released a free solution that determines if a financial instrument is MiFID-reportable in the UK, the EU, or both.

Michelle Zak, co-founder of Qomply, comments “Users input an ISIN (instrument identifier), a string of ISINs, or upload a CSV file for a specific trade date. The tool will generate a report that details reportability across regions for the instrument. Users then know, unequivocally, if the instrument was reportable, when, and where.“

This is the one of the few free solutions available that queries both UK and EU FIRDS sources and supports multi-ISIN-date checks. Search across multiple instruments at once. Qomply's solution helps remove the ambiguity of reporting obligations by enabling firms to reach back in time to determine if an instrument was reportable for a specific region and trade date.

Qomply’s free solution is available at https://qti.qomplypi.com/firdslookup

As of 1 January 2021, the European Securities & Markets authority (ESMA) and the FCA have been running two, separate FIRDS (Financial Instruments Reference Data System) databases.

The ESMA FIRDS database was intended to be the definitive reference for all financial instruments included in the scope of MiFID II. If an instrument or its underlying instrument is found in FIRDS for the trading date, then the instrument is deemed reportable. With Brexit, part of this responsibility of maintaining accurate data is with the FCA.

Try Free MiFID Reportability Tool

References

Article 26 of MiFIR created an obligation of Transaction Reporting that went into effect on January 3rd 2018. The legislature focuses on investment products that are traded on a traded venue (TOTV) or a derivative based on a product that is TOTV (also called UTOTV, underlying traded on a traded venue).

Transaction reporting is a key regulatory requirement, under the MiFID regime, that plays a pivotal role in assisting regulators in detecting market abuse.

Ask us anything

Frequently asked questions

Qomply provides a free service that helps determine whether a financial instrument was MiFID-reportable for a specified trade date in the UK, the EU, or both.

Enter a single ISIN, paste a list of ISINs, or upload a CSV, then select the trade date. The output indicates reportability by region (UK, EU, or both).

The service queries FIRDS reference data. Following Brexit, ESMA and the FCA operate separate FIRDS databases, which can impact reportability outcomes by jurisdiction.

MiFID transaction reporting obligations apply to certain instruments and scenarios. Confirming reportability helps firms reduce uncertainty, improve reporting controls, and lower operational and regulatory risk.

You can access the tool here: https://qti.qomplypi.com/firdslookup