EEA Investment Firms are obliged to report complete and accurate details of transactions executed in financial instruments covered by MiFIR to the relevant National Competent Authority (“NCA”) no later than the close of the next day. Under MiFID II-MIFIR, reportable transactions are those executed on financial instruments which are admitted to trading, are traded on a trading venue or whose admission to it has been requested, as well as on financial instruments whose underlying instrument is a financial instrument, or a basket or index composed of financial instruments, traded on a trading venue. In particular, the Q&As relate to reporting of FX forward financial instruments under art. The Q&A provides clarifications in relation to the reporting requirements for submission of transaction reports under Art. For Commodity Derivatives Transactions, an indication as to whether such Commodity Derivatives Transactions reduce risk in an objectively measurable way in accordance with Article 57 of MiFID II; This is applicable to organisation accounts only when the holder is a non-financial entity. In particular, the Regulation requires the provision of Legal Entity Identifiers (“LEI”) for legal entities and National Identifiers for natural persons (based on their countries of citizenship). 26 of MiFIR and RTS 22. MiFID II significantly expands on the intention and scope of the existing transaction reporting … The European Association of Co-operative Banks (EACB) welcomes the opportunity to submit its answer to the ESMA’s consultation on its MiFIR review report on the obligations to report transactions … Margin Requirement on Leveraged ETF Products, China Connect Northbound Investor ID Model. The new information requirements now include, among other items: This information is not required where the account holder is self-trading or where authorised traders are trading for their own organisation. In addition to transactions executed on EEA exchanges, MiFIR will capture Over The Counter (“OTC”) transactions and transactions of EEA listed financial instruments that are executed on non-EEA trading venues, e.g. Transaction reporting Executive summary MiFID II 1 June 2017 In 2007 MiFID I introduced the concept of a harmomised transaction reporting regime in Europe with the aim of detecting and investigating potential market abuse. As a client of IBUK or of an Investment Firm that uses the IB platform, you may be required to provide additional information to allow the proper transaction reports to be filed. THIS INFORMATION IS GUIDANCE FOR INTERACTIVE BROKERS CLEARED CLIENTS ONLY. MiFIR reporting instructions and XML Schema The Financial Instruments Reference Data System (FIRDS) covers the Markets in Financial Instruments Regulation (MiFIR) and Market Abuse Regulation (MAR) requirements for reference data collection and publication, collection and processing of additional data to support the MiFIR transparency regime and suspensions’ coordination. ICMA responds to ESMA's MiFIR review report on the obligations to report transactions and reference data . MiFIR has widened the scope of reportable financial instruments to cover those that are traded on EEA Regulated Exchanges, Multilateral Trading Facilities (“MTFs”) and Organised Trading Facilities (“OTFs”). Obligation to provide reference data on financial instruments (Article 27): Trading venues must, on a daily basis, provide to the competent authorities the identifying reference data of the financial instruments admitted to trading on a regulated market or traded on an MTF or OTF. 26 and art. MiFIR Transaction Reporting Solutions for IB Clients that are EEA Investment Firms: Enriched and Delegated Transaction Reporting In order to meet its own reporting obligations, IBUK is obliged to identify and report its immediate client for each transaction executed. The reporting fields have increased from 23 under the MiFID I regime to 65 under MIFIR. Affected clients will be requested to provide this information promptly and no later than 30 November 2017. Investment firms must inform the CSSF whether or not they are subject to the transaction reporting obligation. The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today launched a Consultation Paper (CP) reviewing the reference data and transaction reporting obligations under the Market in Financial Instruments Regulation (MiFIR). The goal of this article is to provide a deeper look at specific investment products and analyze how they fit within Article 26 of MiFIR (legislation link). Note: For a listing of common MiFIR definitions and terms, see KB2980. Obligation to synchronise business clocks (Article 50): The obligation for trading venues and their members or participants to synchronise the business clocks they use to record the date and time of any event to be reported. Information to Be Reported