FCA Market Watch 84 – Key Takeaways for Firms
The FCA has published Market Watch 84, reviewing the implementation of UK EMIR Refit one year on. While most firms managed the transition, the newsletter highlights continuing weaknesses in reporting resilience, vendor reliance, and error management. Implementation progress, but gaps remain The FCA reports that 95% of trades were successfully uplifted to the new format by the March 2025 deadline. However, a significant minority of firms did not meet the cut-off, leaving trades non-reportable and breaching obligations. The regulator’s message is clear: reporting is not a one-off project, it demands ongoing governance, oversight and accountability. Vendor dependence under scrutiny A central theme of Market Watch 84 is reliance on third-party vendors. Many firms outsourced uplift work but encountered issues with data mapping, schema logic and enrichment. The FCA emphasises that outsourcing does not transfer responsibility: firms remain accountable for timely, accurate and complete reporting. This point links directly back to Market Watch 81, which warned that poor change management, weak controls and limited oversight were among the root causes of misreporting. Vendor use can magnify these weaknesses when firms fail to exercise effective oversight. Errors and omissions – a persistent challenge Since EMIR Refit went live, 267 reporting issues have been notified to the FCA, far fewer than expected given market size. The regulator suspects under-reporting, as firms interpret “materiality” inconsistently. Here, the guidance from Market Watch 82 is highly relevant: firms should notify early, remediate root causes first, and provide updates as more information becomes available. Transparency is always preferable to delay or silence. What comes next Over the next 12 months, the FCA will focus on reconciliation quality, breach notifications and firms’ ability to correct errors in both live and matured trades. Firms are encouraged to review vendor oversight, governance arrangements and remediation processes now to avoid supervisory challenges later. How Complyport Tech can help At Complyport Tech, our solutions deliver automation, robust mapping, validation, and enrichment. Powered by the Polaris Platform, they cover the full reporting cycle, from data sourcing to submission and monitoring, adapting quickly to regulatory change. We also address the FCA’s concerns on reporting processes, vendor reliance, and error management by combining technology with oversight and remediation support, giving firms greater confidence, control, and resilience. Be prepared. Be transparent. Stay ahead with Complyport Tech.
Complyport Tech and cTrader announce integration partnership to simplify reporting for brokers
Complyport Tech integrates cTrader to simplify broker compliance by integrating regulatory reporting into cTrader trading platform. Complyport Tech, a leading global regulatory technology provider, and Spotware, the developer of multi-asset trading platform, cTrader, are pleased to announce a strategic partnership aimed at enhancing operational efficiency and regulatory compliance for brokers. Through this collaboration, MAP FinTech and Spotware combine their complementary expertise to offer a more integrated experience for financial institutions seeking to align compliance and trading more effectively. Enhancing operational and regulatory alignment By joining forces, Complyport Tech and cTrader will deliver an integrated approach that simplifies and strengthens the way brokers manage their regulatory reporting obligations. The partnership focuses on providing a more unified and seamless experience by embedding regulatory technology capabilities within the trading ecosystem. This integration will allow brokers to align their trading and compliance functions better, offering them increased efficiency, reliability and control over their operations. A shared commitment to innovation and compliance Both companies share a strong commitment to innovation, transparency and client-centric technology. Spotware has established itself as an industry-leading, trusted trading platform provider, while MAP FinTech is recognised for its deep expertise in regulatory technology and its track record of supporting regulated entities across various jurisdictions. The partnership combines these strengths to address the increasingly complex requirements faced by brokers in today’s dynamic financial landscape. Extending cTrader’s value proposition For Spotware, the partnership represents an important step in extending cTrader’s value proposition by addressing the growing compliance demands faced by brokers. The integration of MAP FinTech’s regulatory technology further strengthens cTrader’s appeal as a robust and broker-friendly platform, helping clients streamline operations while maintaining full regulatory adherence. Leadership comments Commenting on the collaboration, Panayiotis Omirou, CEO of Complyport Tech, stated: “We are excited to partner with Spotware to deliver a more integrated experience for brokers. Together, MAP FinTech and Spotware aim to empower brokers with a streamlined and future-proof approach to regulatory compliance. This partnership not only strengthens the technological ecosystem available to financial institutions but also reflects both firms’ dedication to supporting their clients in an increasingly regulated environment.” Yiota Hadjilouka, COO of Spotware, added: “Our goal at Spotware has always been to empower brokers with technology that not only delivers performance but also reduces friction in critical operational areas. By integrating with MAP FinTech, we’re making it significantly easier for our clients to meet their regulatory reporting requirements without disrupting their existing workflows. This partnership highlights the unmatchable extensibility of cTrader’s Open Trading Platform™ and reflects our commitment to offering a comprehensive and future-ready trading solution.”
A Leader in Global Compliance and RegTech
Complyport, MAP S.Platis, Quadprime, MAP Risk Management Services, MAPiTek and Complyport Tech Merge to Create Global AI-powered RegTech Powerhouse under UK-based ComplyMAP Group London, 4 September 2025 – A new era in global regulatory compliance and RegTech begins with the formation of London-based ComplyMAP Group, a consolidated powerhouse uniting Complyport, MAP S.Platis, MAP FinTech, Quadprime Cybersecurity, MAP Risk Management Services and MAPiTek under a one global management structure. This strategic merger positions AI-powered ComplyMAP Group as a leading global GRC and RegTech ecosystem in regulatory compliance, risk management, governance and technology-enabled solutions. With a strong presence across the UK, EU and UAE, ComplyMAP Group leverages decades of experience and a shared commitment to delivering excellence in Governance, Risk and Compliance (GRC), cyber risk, operational resilience consulting and regulatory technology (RegTech) innovation. The Group brings together market leaders with complementary strengths centres of excellence in each respective field and a combined legacy of trust, innovation, and regulatory expertise. “The launch of ComplyMAP Group represents more than a merger – it’s a bold step forward in reshaping how firms globally access compliance and RegTech solutions,” said Managing Director Luis Parra, the Group’s head of RegTech solutions. “Our clients can expect enhanced capabilities, broader geographical reach, and seamless integration across disciplines.” A Unified Brand Identity ComplyMAP Group has adopted the castle icon originally associated with Complyport’s 24 years supporting the UK financial services market as its official logo – a symbol of trust, resilience and continuity. This move has been embraced across all ComplyMAP Group (CMG) brands, each of which now carries the “ComplyMAP Group” designation within their brand name to reinforce the Group’s integrated identity. This strategic rebranding aligns all entities under one unified visual and operational framework, reinforcing group-wide consistency. All operations are now fully centralised at a global level, unlocking group synergies and supporting international expansion through coordinated service delivery and cross-border expertise. Expanded Services The merger augments the Group’s capabilities in several strategic areas: Regulatory Technology (RegTech) solutions AI Compliance Advisory Services Compliance and GRC Consulting Prudential Support & Risk Management Cyber risk and resilience management support ICT Infrastructure Support & ICT managed services Expert Witness Audits, Health Checks and Forensics Outsourcing and Resourcing KYC Managed Services Financial crime full support 166 full support As part of the integration Quadprime, MAP RMS, and MAPiTek are now incorporated into Complyport, enhancing Complyport’s global service proposition in operational resilience, cybersecurity, and prudential regulation. Leadership Updates As part of the integration, Pantelis Angelides (CEO of Quadprime) shall become Managing Director of Complyport’s Cyber Risk and Resilience Management services, and Panayiotis Antoniou and Panagiotis Vassiliades (Joint-CEOs of MAP RMS) shall become Managing Directors of Complyport’s Prudential and Risk Management Services. This unified leadership structure supports strategic growth, operational alignment, and the delivery of consistent, high-quality service across all jurisdictions. In addition, Greg Gregoriades has joined the Group as Managing Director of Information and Communications Technology Solutions, taking the lead on ICT managed services and infrastructure, further strengthening the Group’s capabilities in this growing area. To support the next phase of global integration and operational excellence, the Group has appointed Harri Petrou as Chief Operating Officer (COO), to oversee cross-functional coordination, optimise internal processes, and ensure the seamless execution of the Group’s strategic objectives. About ComplyMAP Group ComplyMAP Group is a global RegTech and GRC advisory group, uniting leading regulatory and technology brands from the UK, EU the UAE and beyond. With over two decades of experience, 1,500+ regulatory authorisations completed, and a growing portfolio of innovative compliance products, ComplyMAP Group is redefining the future of GRC RegTech. For more information, please visit www.complymap.com
Complyport Tech Wins Best RegTech Reporting Solution at Global Forex Awards 2025
We are delighted to share that Complyport Tech has once again been recognised with the prestigious Best RegTech Reporting Solution award at the Global Forex Awards 2025 – B2B. This marks another proud milestone in our journey to transform regulatory reporting through cutting-edge technology and deep industry expertise. The Global Forex Awards – B2B celebrate excellence in the business-to-business forex trading space. These internationally recognised awards spotlight the most innovative, impactful, and forward-thinking companies driving progress across the global financial ecosystem. Panayiotis Omirou, CEO of MAP FinTech, commented on the achievement: “We are truly honoured to receive the Global Forex Award once again this year. This continued recognition reflects our unwavering commitment to innovation and excellence in regulatory technology. It validates the hard work of our team and the trust our clients place in us to deliver robust, efficient, and future-ready solutions. We remain dedicated to helping financial institutions worldwide navigate complex regulatory challenges with confidence and clarity.” To see this year’s winners, click here. To learn more information about MAP FinTech and our award-winning solutions, click here.
Complyport Tech Named Finalist in Four Categories at the 2025 RegTech Insight Awards
We are thrilled to announce that Complyport Tech has once again been recognised as a finalist in four categories at A-Team Group’s 2025 RegTech Insight Awards Europe! These prestigious awards honour both established leaders and emerging innovators who have developed impactful RegTech solutions over the past year, helping firms navigate the ever-evolving complexities of regulatory compliance in the global financial services industry.https://a-teaminsight.com/awards/regtech-awards/ We truly value your trust and support, which have played a key role in our journey. If you’d like to show your support, we would appreciate your vote. Complyport Tech has been shortlisted in the following categories: 🔹Best Regulatory Reporting Solution (Category 3) 🔹 Best Solution for EMIR (Category 5) 🔹 Best Trade Surveillance Solution (Category 14) 🔹 Best Transaction Reporting Solution (Category 16) Voting will close at 5pm (UK) on Friday 28th March 2025. Your support is greatly appreciated, and we’re thankful for your role in our success!
Complyport Tech Featured in Gold Magazine’s Compliance & RegTech Issue
Complyport Tech is featured in the latest Compliance & RegTech special issue of Gold Magazine (February 2025 issue). The article highlights our continued efforts in regulatory technology, providing financial institutions with innovative RegTech solutions. It covers our recent milestones, including the expansion of our global reporting solutions, seamless adaptation to regulatory updates, and ongoing commitment to supporting clients with best-in-class technology. Our participation in key industry events and recognition through various awards further reinforce our role in the RegTech sector.
Simplifying CRS and FATCA Compliance with Innovative Solutions
In today’s dynamic global financial environment, regulatory compliance remains a critical focus for financial institutions. Frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) are pivotal in the fight against tax evasion, promoting greater transparency in cross-border financial transactions. Yet, for institutions operating across multiple jurisdictions, navigating these regulations can be a complex and resource-intensive challenge. The Growing Complexity of Compliance The landscape of CRS and FATCA compliance is continuously evolving, with regulations that differ by country and change frequently. Financial institutions must not only keep pace with these updates but also implement them accurately in their processes. Failing to do so can result in steep penalties, reputational harm, and potential legal consequences—making regulatory compliance a non-negotiable priority. The Role of Technology in Compliance Technology has become indispensable in meeting compliance obligations. Regulatory technology (RegTech) solutions provide the tools to streamline compliance processes, automating key tasks like data collection, validation, and reporting. This reduces the risk of errors and helps institutions maintain accuracy and efficiency while managing large volumes of data. Why Choose Complyport Tech for CRS and FATCA Reporting? At Complyport Tech, we specialise in providing cutting-edge RegTech solutions that simplify the complexities of CRS and FATCA reporting. Our tailored services are designed to support financial institutions by delivering a seamless compliance experience and allowing them to stay focused on their business priorities. Here’s what sets Complyport Tech apart: Cost-Effective Solutions: An integrated platform that consolidates reporting processes, enhancing both efficiency and affordability. Automation and Scalability: Our solutions handle high-volume data effortlessly, making them suitable for institutions of any size. Flexible Data Management: We accommodate various input formats, whether standard templates or raw data, for greater adaptability. Rigorous Accuracy Checks: Our system includes built-in health checks to ensure both schema and content accuracy, eliminating erroneous entries. Advanced Data Processing: Automatic conversion of information to XML, with files segmented by tax residency for accurate submission. Global Coverage: Submissions are supported across multiple jurisdictions, ensuring compliance with international tax authorities. Up-to-Date Regulatory Alignment: We maintain continuous communication with regulators to stay ahead of updates and incorporate the latest requirements. As shown in the image below, the reporting deadline to the relevant tax authorities in most participating jurisdictions is near. The importance of being prepared cannot be overstated. Institutions must act promptly to meet their obligations, avoid penalties, and ensure compliance. Be Prepared with Complyport Tech Non-compliance is costly, but staying ahead doesn’t have to be difficult. Complyport Tech’s automated and scalable RegTech solutions make CRS and FATCA reporting straightforward, reliable, and efficient. Don’t wait until the deadline is upon you—contact our team today to learn more or schedule a consultation with one of our experts.
FCA Discussion Paper – Improving the UK transaction reporting regime
As we have already noted in a previous blog post, with the departure of the UK from the EU, it was expected that at some point the transaction reporting regimes of both jurisdictions would begin to diverge. Now it appears that this process is picking up steam, as the FCA and ESMA are consulting for changes to the MiFIR transaction reporting regime. See our blog post on ESMA’s MiFIR consultation here. On the 15th of November 2024 the FCA published a discussion paper proposing changes to the aforesaid transaction regime. MAP FinTech has already drafted its responses and intends to submit its views to the FCA’s consultation. The FCA is considering the inclusion of additional fields, but the Authority has not provided an exhaustive list for the new inclusions, nevertheless MAP FinTech understands that the proposals as set forth by the FCA imply that any new additions will be less than what ESMA is proposing. See below a non-exhaustive list of changes that FCA is proposing to make. AIFMs and UCITS Management Companies to become subject to the MiFIR reporting requirements UK AIFMS and UCITS Management companies that offer the non-core services of the management of portfolios of investments in accordance with mandates given by investors on a discretionary client-by-client basis, investment advice; safe-keeping and administration in relation to shares or units of collective investment undertakings; and reception and transmission of orders in relation to financial instruments. Will be required to submit MiFIR transaction reports in relation to the aforesaid services if they trigger a MiFIR transaction obligation. Including the UPI for instruments of UK MiFIR Articles 26(2)(b) and 26(2)(b) The FCA is considering to mandate the inclusion of the UPI for securities captured by the UK MiFIR reporting obligation and may be issued with a UPI, refer to our blog post on the UPI for an overview. Alternatively the FCA is considering the implementation of a modified version of the UPI (UPI+). New Identifiers for Distributed Ledger Technology – DLT securities and for securities whose underlying assets are crypto-assets The FCA is proposing to adopt ISO 24165 Digital Token Identifier standard for DLT securities and underlying financial instruments to identify tokenised securities or similar. For a brief overview of the ISO refer to our earlier blog on ANNA-DSB’s adoption of DTIF codes for derivatives on crypto assets. If the FCA’s proposal is accepted firms that trade with DLT securities or securities whose underlying are crypto assets and under the assumption that the aforesaid securities are captured by the MiFIR reporting obligation, reporting firms will need to source the aforementioned ISO code. Reporting client/counterparty categories The FCA proposes the addition of a new field that will capture the category of the clients/counterparty. The said field will be allowed 2 values – Retail Client, Professional. For every trade where the firm submits a report it will need to assign a category to its counterparty in accordance with the aforementioned. Reducing reporting costs for small firms and request for feedback to remove duplication with other reporting regimes The FCA has asked for feedback on steps it could take to remove duplication with other reporting regimes e.g. a firm reporting a MiFIR captured derivative is always required to report it under EMIR as well. Moreover the FCA recognises that some small firms who are infrequently captured by the MiFIR reporting obligation are finding it difficult and costly to comply with the reporting regime. The FCA has requested feedback on how to alleviate the burden on small firms. Request for Feedback on messaging standards/new technologies The FCA is asking from respondents to provide feedback on whether new technologies or alternative messaging standards could improve transaction reporting. The FCA provided as an example of these alternative messaging standards the JSON format. The Consultation paper contains many more proposed amendments to MiFIR’s reporting requirements. The FCA is accepting feedback from market stakeholders till the 14th of February 2025. How can Complyport Tech Assist MiFIR Transaction Reporting is our service that allows clients to report their transactions in Financial Instruments as per the requirements of the Markets in Financial Instruments Regulation (MiFIR, Article 26) to the National Competent Authority (NCA), either directly or through an Approved Reporting Mechanism (ARM). Transaction data received on our Polaris Platform is processed, enhanced, validated and subsequently submitted in the format prescribed by each NCA. Contact our team of experts for more information or any assistance you may require.
Complyport Tech Achieves RegTech100 Recognition as a Top Regulatory Technology Innovator
We are thrilled to announce that Complyport Tech has been recognised as a top innovator in regulatory technology by being included in the 2025 RegTech100 list! This prestigious accolade, curated by RegTech Analyst, highlights the top 100 companies revolutionizing compliance through cutting-edge technology. With nearly 1,500 companies evaluated this year, Complyport Tech’s inclusion underscores our unwavering commitment to innovation, excellence, and leadership in the RegTech sector. A key factor contributing to Complyport Tech’s recognition is its flagship product, the Polaris Platform, a cloud-based software solution designed to assist financial services firms in managing their regulatory obligations under regulations such as EMIR, MiFID II/MiFIR, ASIC, MAS, SFTR, FATCA, CRS, and DAC6. Complyport Tech also offers cutting-edge, all-encompassing solutions for Best Execution Monitoring, RTS 27/28 reporting, KYC & AML Transaction Monitoring, Trade Surveillance (Market Abuse), and eKYC services (including Screening, eIDV, and Document Authentication). By utilising the Polaris Platform, clients can seamlessly fulfill their regulatory reporting requirements, allowing them to concentrate on their core operations without compromising operational flexibility or peace of mind. Our services are enhanced through partnerships with leading market vendors, ensuring top-tier service quality. This is further bolstered by our extensive compliance expertise, enabling us to address a wide range of regulatory reporting demands. A full list of the RegTech100 and detailed information about each company is available to download for free here. Contact our team of experts to find out how you can benefit from our innovative and comprehensive regulatory reporting solutions.
Ensuring Client Interests: The Imperative of Best Execution Monitoring
Recent actions by regulatory authorities have highlighted the critical need for investment firms to prioritise the protection of their clients’ interests. ESMA introduced Best Execution monitoring as part of MiFID I in 2007. Since then, standards for complying with Best Execution have gotten stricter. Firms that fail to ensure robust Best Execution practices are facing fines, as authorities are serious about addressing non-compliance and misconduct. The stakes are high; enhancing investor protection and supporting responsible growth in the investment sector is paramount. What are the key challenges firms face in Best Execution Monitoring? Complex Regulatory Landscape: Navigating through various regulations can be overwhelming. Data Management Issues: Collecting and analysing vast amounts of data accurately is challenging. Resource Allocation: Ensuring sufficient staffing and technology investments for compliance efforts. Technology Integration: Difficulty in integrating new monitoring systems with existing infrastructure. Client Expectations: Balancing compliance with providing clients the best possible service. Are You Aware of Compliance Checks? Firms need to ask themselves: Are you fully equipped to meet Best Execution standards? Understanding the key requirements and metrics for monitoring execution quality is crucial to protecting your clients’ interests. As mentioned above, to ensure compliance, companies must monitor whether their transactions consistently deliver the best possible outcome for clients. This involves considering factors such as price, cost, speed, likelihood of execution, settlement, order size and nature, and any other relevant elements. Monitoring can be done through manual checks or, more effectively, by leveraging RegTech solutions from specialized regulatory compliance providers. Are You Ready to Take Action? Are you prepared to implement comprehensive measures that ensure adherence to these vital regulations? The readiness to invest in effective monitoring systems can make all the difference in avoiding penalties and fostering client trust. MAP FinTech: Your Solution for Compliance ΜΑΡ FinTech offers a fully automated tool for Best Execution Monitoring. The platform not only satisfies the requirements of financial regulators and MIFID II, but also offers a holistic view of your Best Execution provisions with more than 40 analytical checks applied on all execution components (price, cost, speed, likelihood and settlement, size, price continuity or any other consideration relevant to the order’s execution). Checks include number of orders, percentages, volumes, monetary values, types of orders, types of costs, and benchmarks such as average industry speed, quote delay tolerance, application of charges, and more. In addition, the platform offers the ability to view complex analytics, input comments, record monitoring, and corrective measures, set alerts, and export reports for record-keeping, business, and proof of compliance purposes. With features such as real-time data analytics, web-based dashboards, and case management capabilities, our platform streamlines the process of meeting regulatory obligations while providing evidence for any necessary investigations. Most importantly, our solution covers all relevant asset classes, ensuring that firms have comprehensive compliance coverage across their entire portfolio. Contact our team for more information.