ESMA has published the responses to its consultation on guidelines on transaction reporting, reference data, order record keeping and clock synchronisation under MiFIR. The guidelines cover:
- individual scenarios applicable to a given transaction reporting activity, and the precise technical formats and schema to be used to represent the specific reportable values;
- scenarios applicable to specific order record-keeping activities and other clarifications on the application of the requirements under the new technical standards which market participants requested but which ESMA could not address in its final version of the standards; and
- clarifications on the application of the clock synchronisation requirements.
ESMA has made 59 of the responses received available from a range of trading venues, banks, investment advisers and asset managers. (Source: ESMA publishes responses to MiFIR guidelines)