On 23 June 2025, ESMA opened a call for evidence that may bring major changes to transaction reporting across the EU.
The initiative explores ways to simplify the EMIR, MiFIR, and SFTR reporting regimes — including options like removing overlaps and introducing a single, consolidated “report once” model. While these proposals aim to ease compliance burdens, they may also necessitate significant adjustments to systems and workflows.
In our latest blog post, we examine:
- The two key approaches ESMA is considering.
- Key Implications for EMIR, MiFIR, and SFTR reporting.
- The potential transition to transaction-based and single-sided reporting.
- What to expect next and anticipated implementation timelines.