Deloitte Solutions - the first ARM in Luxembourg
On March 28, the Ministry of Finance granted Deloitte Solutions the authorization to exercise ARM (Approved Reporting Mechanism under MiFID II, EU Directive 2014/65) activities.
Deloitte Solutions S.à r.l. (DSO) is the first Luxembourg-based company to obtain a licence to report under MiFIR on behalf of their clients to domestic competent authorities.
The ARM is part of the new categories of Data Reporting Service Providers (DRSPs) which were established when MiFiD II entered into force. ARMs have to comply with the requirements listed under Article 26 of MiFIR II and are allowed to provide MiFID II reporting services to investment firms.
“Deloitte Solutions is always looking for opportunities to develop itself and to further assist clients in meeting their reporting requirements. Becoming an ARM is a huge step in that direction and a confirmation of our abilities. We are currently in the process of connecting to national authorities outside of Luxembourg with a view of servicing clients across the continent” explains Pascal Eber, Partner and Conducting Officer of DSO.
A new milestone in the history of reporting
Even though Deloitte Solutions is a brand new ARM, the company is not new to the transaction reporting landscape. DSO have been reporting as a third party for EMIR since the reporting start date in 2014 and will also provide reporting services for SFTR when it comes into force.
“We have built a trusted ecosystem to handle the full range of transaction regulatory reporting requirements. Combining our extensive regulatory expertise with cutting-edge technologies, we offer an integrated solution for your transaction regulatory reporting needs.” added Laurent Collet, Partner Strategy Regulatory & Finance.
Deloitte Solutions provides Transaction Reporting Solutions in line with EMIR, MiFIR, CSDR and SFTR. The solutions integrates daily data collection, validation, dissemination, and review of feedback from trade repositories and competent authorities.
Read more about Deloitte Solutions here: https://www2.deloitte.com/lu/en/pages/deloitte-solutions/solutions/deloitte-solutions.html
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