UK Finance response to the European Commission Fitness Check on Supervisory Reporting

UK Finance supports the regulatory need for increased data to meet critical objectives such as enhancing financial stability, promoting market integrity, and increased investor protection. Reporting obligations vary from firm to firm depending on their size, location and business models, but many firms will be required to comply with a wide number of regulations including the Markets in Financial Instruments Directive/Regulation (MiFID II/MiFIR), European Market Infrastructure Regulation (EMIR), Securities Financing Transactions Regulation (SFTR), Short Selling Regulation (SSR), EU Common Reporting (COREP), and Financial Reporting (FINREP).