The reporting of breaches, potential future breaches, the reporting of errors and operational incidents are a necessary MiFID firms’ obligations under Section 1.2 of the Central Bank’s “Supplementary Supervisory Requirements for Investment Firms under S.I. No. 60 of 2007, European Communities (Markets in Financial Instruments) Regulations 2007”.
This “Breach, Error and Incident Reporting Form for MiFID Firms” is a return on the Bank’s Online Reporting System which was developed to facilitate breach, error and incident reporting by MiFID firms. The Form consists of two parts: Part 1 - the Online Reporting System on which firms are required to provide information on the category of the issue being reported; and Part 2 is a word document in which firms are required to provide more detailed information on the issue reported in Part 1 by answering specific questions.
The Form is now available on the Central Bank website