On 9 August 2018, the European Securities and Markets Authority (ESMA) updated its validation rules under EMIR, with regards to the revised technical standards on reporting under Article 9 of EMIR.
The updated validation rules are provided in an excel document, and are highlighted in red within the ‘Conditions, and Format and Content’ column. The updated validation rules concern the submitted reports for the following fields:
- Reporting Timestamp;
- Reporting Counterparty ID;
- ID of the Other Counterparty;
- Underlying Identification; and
- Confirmation means.
The amendments will be applicable from 5 November 2018.