The European Securities and Markets Authority (ESMA) has published an updated version of its guidelines on transaction reporting, order record keeping and clock synchronisation under MiFID II. The updated version of the guidelines corrects some unintended factual mistakes, typos and inconsistencies in the technical part of the guidelines.
ESMA emphasises that none of the corrections aim to alter the substance or policy provisions of the guidelines. The revision exercise will not have an impact on the timeline for completion of the comply and explain procedure with the guidelines.
ESMA also makes available the compared track changes version of the guidelines to ensure full transparency of the changes made.
The guidelines are currently undergoing translation into the official languages of the EU. Upon completion of the translation process, national competent authorities must notify ESMA whether they comply or intend to comply with the guidelines, with reasons for non-compliance, within two months of publication of the guidelines in the official languages of the EU.
View ESMA updates guidelines on transaction reporting under MiFID II and MiFIR, 8 August 2017