Reporting obligations under EMIR, MiFIR, and SFTR have become increasingly complex and costly, often requiring the same trade to be submitted multiple times through different formats and channels, burdening especially small firms and occasional traders.
ESMA’s June 2025 consultation aims to address these inefficiencies and simplify financial reporting across the EU. MAP FinTech is proud to contribute to this discussion. In a recent feature in Finance Magnates, George Markides from the Market Infrastructure Team shared insights on potential solutions, including exemptions for small firms, single-sided reporting, the “Reporting Once Principle” to harmonize EMIR, MiFIR, and SFTR, and a unified reporting template that consolidates data fields and integrates related obligations like APA publications.