Transaction Reporting Healthchecks for MiFID

Thousands of Checks in a Click

Recent data from the FCA indicates that 50pct of firms may not be fully compliant with all aspects of MiFID.

MiFID II regulations requires firms to have arrangements in place to ensure transaction reports are complete and accurate.

Regulations state that firms must ensure the accuracy of their transaction reports.

How confident are you that your MiFID reporting is correct?

Perform a One-Off Diagnostic Healthcheck on your reporting through Qomply's cloud-based ReportAssure Suite. Qomply performs accuracy, timeliness, and completeness checks providing assurance that transaction reporting systems are working correctly.

Qomply delivers instant peace of mind to firms concerned about the accuracy of their transaction reporting.

Qomply's game-changing technology-driven "Healthcheck" solution instantly highlights problematic areas in the accuracy of a firm's transaction reporting. Firms are in control of conducting a diagnostic using Qomply's technology.

Qomply's solution is trusted by Regulatory Consultancies, providing you with the forensic detail required to give you Peace of Mind that your reporting is correct.

Using Qomply's Diagnostic Healthcheck to identify, investigate and resolve issues is straight-forward. The process is simple and efficient - made easier by using the NCA's MDP file to retrospectively check trades sent to the regulator. With over a thousand accuracy checks on the 65 transaction fields, Qomply offers one of the most comprehensive healthchecks in the market.

The findings and recommendations, of each diagnostic report, are clearly displayed alongside a description of the issue, recommended resolution, and additional information. Flagged transactions can be easily investigated within the platform - using the UI or downloading to a csv file.

If you are looking to conduct your own periodic quality assurance, accuracy, completeness, and timeliness checks, then the ReportAssure Suite puts Thousands of Checks in a Click.

For a complete HealthCheck "Review" that also includes a review of trading modelling, operational policies and procedures and transaction reporting, Qomply is partnered with recognised Regulatory Consultants such as BDO and Bovill. Clients may choose from a variety of managed service packages that will lead them through a complete transaction reporting review that also includes access to the Qomply technology.

Qomply | Quality Assurance in a Click

Quality Assurance

Instant

Immediate and accurate results regarding the quality of your MiFID reporting. Peace of Mind in knowing your reporting is accurate.

Quality Assurance

Cost effective

No need to onboard technical specialists or expert regulatory staff

Quality Assurance

Remediation

Detailed recommendations on how to resolves errors. Enables you to start submitting accurate reports and inform regulators quickly.

Quality Assurance

Comprehensive

We examine every field and product type with granular, forensic detail through a sophisticated matrix of rules and data accuracy checks.

Secure

Best in class, secure technology

Our proprietary engine is kitted out with best-in-class technology - from AI pattern recognition to accelerate the detection of common errors to heightened levels of security.

Quality Assurance

Chosen by Regulatory Consultancies

Ensures our awareness of regulatory changes on the horizon and removing this uncertainty for our clients.

Quality Assurance

Easy to use

Plug-and-play and easy to use interfaces means you’re up and running in minutes

Quality Assurance

Scale Up

Option to subscribe to an annual subscription for more regular quality assurance checks

Comprehensive One-off Health Checks for Transaction Reporting

Never performed a health check on your transaction reporting?
Combine the regulatory expertise of our partners with the Qomply technology.

Historical diagnostic check across a data sample from your firm

Accuracy, completeness and timeliness report

Access to Qomply platform for issue tracking and resolution

Review of your end-to-end operational process

Assessment of your governance and oversight arrangements

Comprehensive analysis of your front-office order system

Qomply ReportAssure Suite | Quality Assurance in a Click


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One of the most comprehensive arsenals of Quality Assurance and accuracy checks in the industry

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Proprietary assurance engine checks every single piece of transaction report data for accuracy

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Performs sophisticated matrix rules for accuracy, validity and timeliness

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Checks performed manually through the UI or through an API

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Detects issues with not only a firm's input files but also the regulator's MDP output files

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Conducts analysis on reports both before and after they are sent to the regulator

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Perform two-way or three-way reconciliations

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Verify transactions sent from front-office systems to the regulator match transactions received by the regulator

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Team of regulatory experts on-hand through Qomply's partner firms

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Let's Get In Touch!


Want to know more or just want to phone us up for a chat?

+44(0)20 8242 4789