Research report redaction is the removal of personal data from investment research governed by MiFID II. The directive (Dir. 2014/65/EU) sets conduct and disclosure rules for research. anonym.plus marks each contact and name on your machine, so the analysis stays whole while private data goes.
When this applies
A note lists the analyst's direct line and names sources interviewed for it. You trim those contacts before the piece is distributed.
How anonym.plus handles it
- Open the note in anonym.plus on your device.
- Local OCR reads any scanned appendix.
- The tool flags names, emails, and phone numbers.
- Keep the ratings, targets, and disclosures intact.
- Swap or black out the confirmed contacts.
- Save the clean note locally.
What you need to provide
- The note (PDF, DOCX, or scan).
- An operator (Replace keeps the analysis readable).
- Optional allow-list for required disclosures.
PII & financial identifiers detected
| Category | anonym.plus entity type | Example |
|---|---|---|
| Names | PERSON | analyst S. Lin → [ANALYST] |
| Names | PERSON | named source → [SOURCE] |
| Contact | EMAIL_ADDRESS | desk@example.com → [EMAIL] |
| Contact | PHONE_NUMBER | +44 20 7946 → [PHONE] |
| Organization | ORGANIZATION | covered firm → [ISSUER] |
| Financial | MONEY | target 120p → [TARGET] |
Compliance achieved
- Supports research conduct under MiFID II (Dir. 2014/65/EU).
- Keeps the required disclosures the directive expects.
- Offline work keeps the note on your machine.
Anonymize research reports offline — see plans & start free →
Limitations & cautions
MiFID II also governs research independence and disclosure, which the tool does not assess. It removes personal data only. A compliance reviewer must still check those duties.
Frequently asked questions
Does the tool check research independence?
No. It removes personal data only. MiFID II's independence and disclosure rules are a review task for your compliance team.
Will the rating and target survive?
Yes. Allow-list them. Only personal identifiers, like a source or a direct line, are flagged for removal.
Is the note uploaded for processing?
No. The app runs offline, so the analysis stays on your device.