Friday October 27 2017
News Source: Global Exchanges
Focus: MiFID (Global Exchanges)
Type: General
Country: Italy
Link: http://www.borsaitaliana.it/borsaitaliana/mifid2/guidelinesfororderrecordkeeping_pdf.htm
On the 27th October 2017, Borsa Italiana issued guidelines on its record keeping arrangements which will be implemented following MIFID II.
The aim of the document is to provide:
(a) guidelines for Market Participants in order to populate the new mandatory fields in order/quote messages;
(b) guidelines for Market Participants in order to correctly provide mappings between: (i) “short codes” and qualifiers inserted in order/quote messages, and (ii) related ”long codes”, as required by CDR 2017/580;
(c) deadlines for the provision of ”long codes” to Borsa Italiana;
(d) dates of availability of the new version of the Member Portal, supporting the new MiFIR / MiFID II functionalities.
Importantly these guidelines help distinguish between when short/long codes should be used for reporting. The guidelines also give guidance on how firms should report the trading platform they are using.
These guidelines supplement Borsa’s deployment approach notice which was issued in July.
For additional information please click the link above