True Cost of MiFID Transaction Reporting

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Recent FCA data shows that, on average, two-thirds of MiFID firms cancel their transaction reports every year - with each firm cancelling around 502,000 transactions annually.

Cancellations typically occur when reports contain errors or are mistakenly submitted for unreportable transactions. These issues, often driven by poor data quality and weak accuracy controls, amplify the burden of back reporting and expose firms to operational disruption and regulatory risk.

The result? A costly, resource-heavy process that diverts valuable time and resources while inviting greater scrutiny across the business.

Download Qomply’s “True Cost of MiFID Transaction Reporting” guide to uncover:

• The real causes and costs behind back reporting
• How poor data quality drives regulatory risk
• Practical steps to identify and prevent errors before submission

Related Resources:

Led by former-FCA regulator Sophia Fulugunya, Qomply’s CPD accredited MiFID II Transaction Reporting 101 Training provides participants with a strong understanding of the transaction reporting requirements for MiFID investment firms.