Deloitte Solutions - the first ARM in Luxembourg

Press releases

Deloitte Solutions - the first ARM in Luxembourg

Press Release

3 April 2019

Luxembourg, 3 April 2019: 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

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.

Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 225,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.

About Deloitte in Luxembourg

In Luxembourg, Deloitte consists of 100 partners and over 2,200 employees and is amongst the leading professional service providers on the market. For over 65 years, Deloitte has delivered high added-value services to national and international clients. Our multidisciplinary teams consist of specialists from different sectors and guarantee harmonized quality services to our clients in their field. Deloitte General Services, société à responsabilité limitée, is an affiliate of the Luxembourg member firm of Deloitte Touche Tohmatsu Limited, one of the world’s leading networks of professional services firms.
© 2019 Deloitte Luxembourg.

Did you find this useful?