The Full Form of AFR is‍ Approved for Reporting.

Bloomberg operates an Approved Reporting Mechanism (ARM), providing functionality that allows clients to meet transaction reporting requirements for MiFID II.

Under MiFID II, investment firms are required to submit transaction reports containing up to 65 data fields including LEIs (legal entity identifiers), personal and trade data to local regulators, known as National Competent Authorities (NCAs).

The Bloomberg ARM undertakes the required MiFID II validations. Transactions that fail validation are identified to the client in real time. An outbound feed/API with this detail is also available to clients.

Bloomberg Data Reporting Services B.V. is a limited liability company incorporated in the Netherlands, registered in the commercial register of the Chamber of Commerce under number 71620761, whose registered office is at Gebouw Byzantium, Stadhouderskade 14G, 1054 ES Amsterdam, authorised and regulated by the Autoriteit Financiële Markten.