FIA responds to ESMA on EMIR trade reporting

30 September 2021

FIA submitted a response to ESMA's consultation on September 30 on the draft Guidelines for derivatives reporting under EMIR that highlights key areas where additional clarity and guidance is required from ESMA to ensure consistent interpretation and implementation of reporting rules to enable improved data quality, accuracy and completeness of reported data under EMIR Refit.

This consultation follows ESMA’s submission of draft ITS and RTS on reporting to the European Commission on 16 December 2020.

While FIA members appreciate ESMA’s engagement through Open Hearing and the publication of the consultation on draft Guidelines, there are some areas of concern. These include ESMA's proposals around the reporting of futures and options executed on UK markets (post-Brexit) and the introduction of new linking codes used to allow for the identification of reports pertaining to the same lifecycle events.

FIA sets out recommendations and suggests changes throughout the response.

  • FIA
  • FIA Data
  • Advocacy
  • Europe
  • EMIR
  • Public Policy Submissions
  • Regulatory Responses