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Bovill UK & Europe > Insights > Over 1,000 investment firms failed MiFID II transaction reporting requirements in 2018 – Bovill featured in Citywire

Over 1,000 investment firms failed MiFID II transaction reporting requirements in 2018 – Bovill featured in Citywire

10 April 2019 | UK & Europe | News coverage

Over 1,000 investment firms failed MiFID II transaction reporting requirements in 2018 and our latest research shows this figure is likely to be much higher.

Even MiFID II-ready firms are struggling to submit correct reports, while many are still not ready, and some mistakenly believe they’re ready despite almost certainly making reporting errors.

With the FCA handing big fines for reporting failings, to companies like UBS and Goldman Sachs, it’s time firms paid closer attention.

Read more about Damon’s analysis on Citywire.com.