ESMA has issued a consultation on guidelines on transaction reporting, reference data, order record keeping and clock synchronisation under the Markets in Financial Instruments Regulation (MiFIR). The paper covers:
- 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.
Consultation closes on 23 March. (Source: ESMA Consults on MiFIR Guidelines)