For Press Enquiries:
Today AFME, FIA, GFXD, and ISDA have submitted a joint response to ESMA’s Call for Evidence on a comprehensive approach for the simplification of financial transaction reporting. We strongly support the policy objective to simplify regulatory frameworks and reduce operational burden and welcome ESMA’s efforts in this area.
The response outlines a set of targeted recommendations including a clear delineation of reporting obligations by instrument, a shift to single-sided reporting, and a targeted review of reportable fields to ensure proportionality and efficiency across transaction reporting frameworks. These proposals aim to eliminate duplication, reduce costs, and align EU practices with global standards.
