Firms at risk over MiFID II reporting errors

By Neasa MacErlean

Enforcement action under MiFID II could take off in 2020, with “several referrals of transaction reporting cases” being made by the FCA for investigation, according to consultants. Duff & Phelps has received data from the Financial Conduct Authority which leads it to conclude that “many firms do not fully understand the steps they should be taking”.