DTCC’s MiFID/R Approved Reporting Mechanism (ARM) service is targeted to be launched in 2026, subject to regulatory approvals
New York/London/Hong Kong/Singapore/Sydney, March 12, 2025 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced its plans to add a Markets in Financial Instruments Directive/Regulation (MiFID/R) ARM service in support of evolving transaction and trade reporting requirements. The service will launch in the UK in Q2 2026 and in the EU by Q4 2026, subject to regulatory approval.
Once launched, DTCC’s MiFID/R capabilities will enable firms to fulfil their transaction reporting obligations under the regulation. Firms may also benefit from ancillary services such as trade reporting analytics as well as smart tooling to assist with monitoring, controls and exception management. In addition, the service will include a dedicated back-reporting channel with queuing and in sequence processing to authorities as well as a suite of end-of-day reports to facilitate timely issue resolution. DTCC is the only industry-owned and governed global provider of trade reporting services and now supports the major reporting regulations from a single global platform.
“In support of the industry’s evolving trade and transaction reporting needs, we look forward to working closely with key stakeholders to launch the new MiFID/R capabilities in 2026 following regulatory approvals,” said Michele Hillery, DTCC Managing Director and Head of Repository and Derivatives Services (RDS). “DTCC is uniquely positioned to leverage its expertise in regulatory trade and transaction reporting to not only help clients comply with forthcoming mandates, but also to enable them to modernize and optimize their operational processes."
With the addition of MiFID/R capabilities, DTCC consolidates derivatives and securities trade and transaction reporting on a single platform, offering clients the opportunity to optimize cost, governance, operational risk and controls management.
“As with past regulations, there will be operational complexities once the MiFID III/MiFIR II regulation is introduced,” said Syed Ali, DTCC Managing Director, RDS. “We are distinctively positioned to help clients address these complexities while ensuring smooth and successful implementations.”
Updated May 4, 2026
ABOUT DTCC
With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2023, DTCC’s subsidiaries processed securities transactions valued at U.S. $3 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $85 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 20 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.