MAP FinTech, a leading regulatory technology provider and member of MAP S.Platis group, is proud to announce the further development of its innovative POLARIS reporting platform, in its effort to continue providing its clients, with an integrated one-stop shop solution that simplifies the way they meet their regulatory reporting obligations.
Specifically, in response to the growing demand of its clients and participants of the financial sector, MAP FinTech has developed new reporting services for RTS 27 & RTS 28 that will soon be available to the POLARIS reporting platform.
RTS 27 requires execution venues, market makers and systematic internalisers to publish reports with their transaction data. These reports must be published on a quarterly basis and include data for each trading day. Publication must be made in a machine readable format at the end of each quarter for the previous quarter.
RTS 28 requires investment firms to publish annual information by 30 April each year, in a summary form of the quality of execution and disclosure of their top 5 execution venues.
To ensure maximum compliance with the legislative requirements, the new RTS 27 & RTS 28 reporting services of MAP FinTech have been developed in collaboration with MAP S.Platis, the expert regulatory consultancy firm that has recently concluded an agreement with the Cyprus Securities and Exchange Commission (‘CySEC’) for the provision of expert services in the conduct of investigations of potential violations of the pertinent legislation by Cypriot Investment Firms.
The need for the new services was also reinforced by CySEC’s latest announcement regarding its supervisory priorities where the area of Best Execution that includes RTS 27 & RTS 28 reporting obligations is a key area of priority for CySEC.
The new reporting services will allow clients to enjoy through a single reporting platform, cost-efficient integrated reporting solutions that will now include RTS 27 & RTS 28, in addition to our existing reporting services for EMIR, MIFIR, CRS, FATCA and other.
MAP FinTech will organise in December 2018 an exclusive event, to present its new RTS 27 & RTS 28 reporting solutions. More information will follow soon.