MiFID II requires TP ICAP group companies to report and record personally identifiable information (PII) as part of its record-keeping and transaction reporting obligations.
TP ICAP group companies are using the Approved Reporting Mechanism (ARM) service provided by MarketAxess Post Trade Transaction Reporting to perform transaction reporting where required. MIFID II requires the identification of those involved in the decision and execution process of a transaction. Whether an individual or a group of people make the decision to trade, the firm or venue must report the one person considered to have primary responsibility for the transaction. In some cases, this is an Investment Decision Maker (IDM) as well as an Execution Decision Maker (EDM). These people need to be identified by an ID number, passport number, tax, national insurance number or a concatenated code, depending on their nationality.
What should you expect?
We request that clients submit their PII data to a secure portal provided by our partners, MarketAxess Post Trade Transaction Reporting. This is an established service provided to a number of their existing clients as part of the ARM.
If you would like to submit your PII Data for this venue click here.