Michelle Hillery, Managing Director, Head of Repository & Derivatives Services at DTCC, commented on the recent approval from the FCA for the formal public registration of DTCC’s Markets in Financial Instruments Directive/Regulation (MiFID/R) UK ARM license:
“The UK Financial Conduct Authority (FCA) recently approved the formal public registration of DTCC’s Markets in Financial Instruments Directive/Regulation (MiFID/R) UK ARM license, marking a significant milestone in the evolution of transaction reporting for UK financial markets. The service, set to launch in Q2 2026, offers market participants a unified, industry-owned solution that empowers clients to consolidate derivatives trade reporting alongside equities & fixed income securities & bonds reporting, elevate data quality and take advantage of resilient infrastructure for end-to-end regulatory reporting. DTCC has been supporting regulators globally in their supervisory duties to monitor systemic risk under various regulations, including EMIR, SFTR, MAS, HKMA, ASIC, JFSA, CAD and more. The launch of the UK MiFID ARM service supports fulfilment of regulatory supervisory mandate by delivering enhanced transparency and robust monitoring against market abuse.
As regulatory requirements continue to evolve, DTCC will deliver robust solutions that enable firms to streamline their transaction reporting obligations while achieving a harmonized global framework and cost saving benefits. UK MiFID ARM service will provide real-time visibility, advanced exception management, and comprehensive analytics—all while minimizing operational risk and promoting compliance. DTCC continues to serve as a trusted partner and key liaison - engaging regulators and advocating for clients to find mutually beneficial solutions, committed to supporting firms during regulatory reporting shifts by offering advanced trade reporting analytics and user testing solutions that are designed to facilitate effective data management as well as improve data accuracy.”
