Client Success Story: Transaction Reporting Support

The challenge

A mid-sized investment management firm engaged Fractyl Consulting to support a high-stakes Transaction Reporting submission under MiFID II. The task involved reconciling complex data across trading platforms, venues, jurisdictions, and counterparties—under intense time pressure and regulatory scrutiny.

While the client’s internal compliance team possessed deep expertise, they lacked the capacity and specialist experience with OTC instruments to interpret the FCA’s granular reporting guidance and manage the submission end-to-end.

Our approach

Fractyl Consulting stepped in quickly to provide focused, hands-on support:

• Conducted an in-flight gap analysis of the client’s existing transaction reporting processes against FCA and MiFID II requirements.

• Walked-through a clear workflow for capturing, validating, and mapping transaction data across multiple systems.

• Undertook a quick interrogation of the technical requirements, providing the client with confidence in the reporting logic and a detailed Q&A session.

• Worked alongside internal compliance and operations staff to test, validate, and prepare the final submission.

• Fractyl also identified incorrect prior submissions, which allowed the HoC to self-identity and resubmit corrected reports to the FCA, with confidence that future reporting would be correct.
  

Throughout the process, Fractyl balanced technical detail with practical project management, ensuring the client remained fully informed while alleviating internal pressure.

The outcome

Our client successfully submitted its transaction reporting data ahead of the FCA deadline with full confidence in accuracy and compliance. Following this engagement:

• The regulator accepted the submission without requiring clarifications.

• The client’s leadership team gained assurance that its reporting controls were robust.

• Fractyl delivered a set of process improvements and documentation, leaving the client better prepared for ongoing reporting obligations.

Client feedback

The client described Fractyl’s contribution as “transformational,” noting that the engagement not only solved an immediate regulatory challenge but also strengthened their long-term compliance framework.

If your organisation faces similar challenges please contact us for a confidential discussion at www.fractylconsulting.com