On 28 September 2015, the European Securities and Markets Authority (ESMA) submitted to the European Commission draft regulatory technical standards on reporting obligations under article 26 of MiFIR (RTS 22).

However, ESMA has noticed that article 2 of RTS 22 needs amendment due to an unintentional omission and has therefore now published a final report. The amendment introduced by ESMA in the final report relates to the list of instances that are not considered to be reportable transactions for the purposes of article 26 MiFIR. In particular, it relates to the use of financial instruments as collateral. The amendment is intended to ensure that investment firms do not submit transaction reports for transfers of collateral, which would be costly, and bring no supervisory benefit.

ESMA’s final report has been submitted to the Commission. ESMA anticipates that the amendment will be taken into account in the context of the Commission’s endorsement of RTS 22.

View ESMA proposes to amend draft MiFIR standard on transaction reporting, 4 May 2016