Qomply Hosts FCA
in MiFID Breakfast Briefing
Thursday, 4 December 2025
8.30am-10.30am
The discussion will focus on the recent Consultation Paper (CP25/32) on Improving the UK Transaction Reporting Regime and discussion points include:
- Descope FX Derivatives from MiFID and Leverage UK EMIR
- Reduction of Back-Reporting Obligations: 5 Years → 3 Years
- Removing Instruments Tradeable Only on EU Trading Venues
- Allow Firms to Over-Report Index Derivatives
- Easier Reporting for Baskets
- Removing Instruments Tradeable Only on EU Trading Venues
- Some Relief of Reporting for Buy-side Firms
- The Compromise: Conditional Single-Sided Reporting (CSSR)
- Clarification for Reporting Price for Equity Swaps
- “Complex Trades” Replaced with “Package Transactions”
- Reduction of Fields in MiFID Reports
- FCA Continues to Support Direct Reporting
- ISINs Remain – UPIs Deferred
- Block vs Fill Reporting – No Change (Yet)
- INTC (Aggregate Client Linking Code) – Deferred
- Additional Clarifications and Guidance
A significant portion of this event will be shaped by the audience through an interactive discussion session, allowing participants to gain clarity on future regulatory expectations.
This exclusive Chatham House event is designed for industry practitioners across the financial services sector. It’s a rare opportunity to engage directly with leading experts, get your questions answered, and network with peers.
Places are extremely limited. Please ensure you can attend before reserving your spot.
The event is only open to direct, financial market participants.
Agenda
8.30am to 9am - Networking and light breakfast
9am to 10am - Panel Discussion and Q&A
10am to 10.30am - Optional networking
Members Room,
Chartered Accountants Hall,
1 Moorgate Place,
London, EC2R 6EA
Map
If you cannot see a registration form below, please send an email to info@qomply.co.uk Some browsers prevent the form from appearing.
Tom Soden
Manager, Markets Reporting Team
Tom Soden manages the Markets Reporting Team (MRT) at the FCA. MRT are responsible for monitoring the completeness and accuracy of transaction reports received by the FCA, and for setting policy requirements in RTS22 and RTS23. Tom joined the FCA in 2015 and has also worked for the European Securities and Markets Authority (ESMA).
Sophia will provide her expertise on transaction reporting models as well as valuable insight into the regulator’s expectations.
Michelle Zak
Managing Director, Qomply
Before joining Qomply, Michelle was Chief Operating Officer at Kyte Broking/Market Securities, a global, mid-size financial firm where Michelle drove the MiFID II implementation at the firm. Over the course of her career, Michelle held various senior leadership positions within investment banking. Having degrees in both Mathematics and Computer Science, Michelle spent several years implementing quantitative trading strategies for the investment banking divisions of BNP Paribas and UBS.
