Many of the fields in MiFIR transaction reports require reporting of natural person information including identifiers, names and dates of birth. Instrument classification using ISO 10962 standard. Identifies the type of venue where a trade was executed. 11. Submitting a transaction report. TrdCaptRpt/RptSide/@StrategyLinkID (tag 1851). Transaction reports are a key tool for regulators to detect and prosecute market abuse. You’ve signed up to our weekly newsletter to get the latest Industry insights. Instruments that have had a request for admission to trade on a Trading Venue. This will extend to: Any financial instrument which has traded or has been admitted to trading on a Trading Venue (not just regulated markets as dictated by MiFID I). Only the following MiFIR Fields will be available in the reports. Learn how we can help you thrive in a MiFID II world. In the MiFID II world, a transaction report can contain up to 65 fields. Any operational and technical arrangements that are not covered in this chapter shall be defined and implemented by CAs at their discretion. (Please note you can manage and update your preferences at any time. Please note that the MiFIR Data Service does not take into account any of Client's own circumstances that could affect the required contents of its Transaction Reports. Within EREP the reports will be known as: SV report on products covered under the MiFIR requirements, {"serverDuration": 130, "requestCorrelationId": "c873d408dd61a0f9"}, Buyer Identification Code/Seller Identification Code. The naming convention for the file is as follows: Review the Terms and Conditions form, enter the firm LEI, sign the form and send to GAM. Find out how to get the pricing, reference data and derived analytics you need with DataScope Data & Analytics. I'd like to receive communications about Refinitiv resources, events, products, or services. I would like to receive the Refinitiv Perspectives newsletter. Common technical format for data submission; c. Common set of data quality controls to be applied to each transaction report. Legal Entity Identifiers (LEIs) replace BICs and FRNs. MiFID II brings a daunting new challenge of reporting a great deal more instruments and information than was required under MiFID I. It’s worth mentioning that the stakes for not properly reporting and recording transactions are high. In the case of an interest rate derivativecontract, this will be the notional currency of leg 1. Where there’s an underlying instrument or basket/index of instruments. Get the pricing, reference data and derived analytics you need, in the way you want, The bringing together of a record of every order, execution and transaction event, Global companies, countless insights, one source – meet your compliance, audit and legal entity data management requirements with the most complete entity risk source available for understanding complex corporate structures, By submitting your details, you are agreeing to receive communications about Refinitiv resources, events, products, or services. With over 100 legal entity attributes, including LEI and organization type, this data can be delivered through multiple channels including DataScope, web service APIs or FTP servers. The revamped version of the Markets in Financial Instruments Directive (MiFID), is designed to offer greater protection for investors and inject more transparency into all asset classes. We can also provide a transactional store using Velocity Analytics and from this, stage both the data required for Transaction Reporting and Best Execution reporting. ESMA OTC derivatives traded on a trading venue. TrdCaptRpt/RptSide/Pty/@R="7" (tag 452=7), TrdCaptRpt/RptSide/Pty/@Src="C" (tag 447=C), Trading Venue Transaction Identification Code, 52-character alphanumeric field populated with a code generated by the trading venue, disseminated to both buyer and sellers, The values from the following separated by a | character, The number at the end ExecRpt/@ExecID (tag 17) after the “TN” ignoring any leading zeros, TrdCaptRpt/RptSide/Pty/@Src="N” (tag 447=N), TrdCaptRpt/RptSide/TrdRegTS/@TS (tag 1012), TrdCaptRpt/RptSide/TrdRegTS/@Typ="1" (tag 1013=1), TrdCaptRpt/Amt/@Typ="CRES" (tag 707=CRES). This is why so many firms are turning to us for help with: As a leader in providing financial reference data, including to many investment firms, we ensure that accessing these regulatory data points will be straight-forward to integrate into their workflow. ), We have the expertise to ensure you meet your MiFID II obligations, A single, integrated, award-winning data and analytics platform. However, working with us and our platforms will make a streamlined report part of the daily routine. Some of the differences between MiFID I and II transaction reporting are: MiFID II captures all asset classes – MiFID I only caught equity and debt related instruments; FX, commodity and interest rate derivatives are now potentially reportable under MiFID II; Number of data fields has increased from 23/24 to 65 XML fields Clients are solely responsible for complying with the Reporting Obligation and must use data provided by the MiFIR Data Service accordingly.