approved reporting mechanism (ARM) definition

approved reporting mechanism (ARM) means a person authorised under the provisions established in Directive [new MiFID] to provide the service of reporting details of transactions to competent authorities or ESMA on behalf of investment firms;
approved reporting mechanism (ARM) means a person authorised to provide the service of reporting details of transactions to competent national authorities or to ESMA on behalf of banks, investment firms, or asset management companies;49
approved reporting mechanism (ARM) means a person authorised to provide the service of reporting details of transactions to competent