ESMA MiFIR Data Reporting Q&A Update


The primary EU financial markets regulator is making sure that all market participants are following the appropriate practices ahead of the MiFID II Deadline. In one of the latest attempts to assure the common application of the MiFID II and MiFIR frameworks, ESMA MiFIR Data Reporting Q&A Update has been released.

15 November, AtoZForex The European Securities and Markets Authority (ESMA) has been quite active past days. Just two days ago, the primary financial regulator of the EU had informed the public that it has added 4 new points to its MiFID II Q&A document.

In addition to this, ESMA has joined the string of warning in regards to the ICOs. Earlier last week, it has released its own ICO risks warning.

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ESMA MiFIR Data Reporting Q&A Update

Meanwhile, the regulator has also made an announcement yesterday. It has informed the public about the ESMA MiFIR Data Reporting Q&A Update.

The regulator has updated its Questions and Answers (Q&As) regarding data reporting under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

The regulatory body has aimed to promote common supervisory approaches. It also wants to make sure that market participants follow the appropriate practices in the application of MiFID II and MiFIR in regards to the regulatory data reporting topics.

Topics covered in ESMA MiFIR Q&A Data Reporting Update

Specifically, the key EU regulator aims to provide responses to the questions from the general public and market participants. Usually, these questions are related to the practical application of data reporting requirements.

As a matter of fact, the latest ESMA MiFIR Data Reporting Q&A Update clarifies the following topics:

• transaction reporting for primary issuances;

• corporate events;

• portfolio management; and

• swaps related to indices.

Following on this, the EU regulatory body further highlights that it will work further on developing this Q&A document on investor protection topics under MiFIR. The supervisor aims to add questions and answers to the topics that are already covered in the document. It also is planning to add new topics.

“The Q&A mechanism is a practical convergence tool used to promote common supervisory approaches and practices,” according to ESMA.

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