The European Securities and Markets Authority (ESMA) has published a Final Report on the review of the regulatory and implementing technical standards on reporting under Article 9 of European Market Infrastructure Regulation (EMIR).

ESMA was mandated by Article 9 to produce technical standards on the reporting obligation for counterparties and central counterparties. ESMA delivered this mandate and the technical standards came into force in 2012 and 2013.

Since the implementation of EMIR reporting, ESMA has issued several Q&As, clarifying some interpretations of data fields of the technical standards and the most appropriate way of populating them. Taking into account the Q&As and other improvements identified during ESMA’s November 2014 consultation, the Final Report updates the existing technical standards to:

  • clarify data fields, including their description, format or both;
  • adapt existing fields to the reporting logic prescribed in existing Q&As or to reflect specific ways of populating them; and
  • introduce new fields and values to reflect market practice or other necessary regulatory requirements.

View ESMA updates EMIR standards on data reporting, 13 November 2015