The Depository Trust & Clearing Corporation (DTCC) is getting ready for new financial rules in the European Union (EU). The company has announced plans to improve its Global Trade Repository (GTR) service by adding MiFID/R reporting features. This update will help financial firms follow the new rules more easily.

DTCC plans to start the new service in early 2026. However, the launch still needs approval from financial regulators. The company wants to help firms handle their reporting duties in a simple way while also improving how they follow the rules.

According to the company, the new reporting feature is being added because financial regulations are changing in the United Kingdom (UK) and the EU. The company believes these changes will help the financial sector meet new reporting needs.

DTCC Aims To Help Financial Firms With Reporting

Michele Hillery, Managing Director and Head of Repository and Derivatives Services at DTCC, stated that the company is working with different financial groups to make sure the new MiFID/R features work well. She said DTCC is committed to helping businesses follow financial rules.

Hillery also noted that DTCC has the right knowledge and experience to help clients understand the new reporting requirements. The company wants to make sure firms can follow the rules while also improving their daily operations.

The updated service will provide better reporting tools for financial firms. It will also offer data quality checks, better monitoring controls, and solutions for fixing problems.

DTCC’s New Service Brings Better Reporting Tools

The firm revealed that the service will include a special channel for back-reporting. This will help financial firms send reports in the right order. The service will also offer detailed reports at the end of each day, helping companies keep their records correct.

With this new update, DTCC’s GTR service will bring together trade and transaction reporting for different financial markets. This will help financial firms’ lower costs, manage risks, and follow reporting rules better.

DTCC stated that financial companies are getting ready for more changes, including the introduction of MiFID III and MiFIR II. These new rules mean that firms must have strong reporting systems in place.

DTCC has a long history of helping companies deal with changes in financial rules. The company believes its new service will make compliance easier and strengthen its role as an important financial service provider.

As financial regulations continue to change, firms will need strong reporting solutions. DTCC’s new MiFID/R reporting feature is expected to help companies handle these changes in a smooth and efficient way.