EUROPEAN UNION: ESMA issues Data Reporting Guidance for MiFID II Transaction Reporting

Friday October 28 2016

The European Securities and Markets Authority (ESMA) has issued detailed reporting introductions and XML schemas under its Financial Instruments Reference Data System (FIRDS). FIRDS covers the Markets in Financial Instruments Regulation (MiFIR) and the Market Abuse (MAR) requirements for reference data collection and publication, collection and processing of additional data to support the MiFIR transparency regime.

The FIRDS provides market participants with additional detailed guidance following the publication on 10^th October of ESMA’s final guidelines regarding transaction reporting under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) and is intended to assist firms in preparing their reporting obligations for the incoming regulations.

Click on the above link for further details.