Under EMIR, the information stemming from the dual-sided reporting obligation must be reconciled via the pairing and matching of both legs of the derivative trade by trade repositories.
ESMA, the FCA, ASIC and MAS are placing greater emphasis on Unique Transaction Identifiers (UTIs) and their consistent application between counterparties as part of their roll-out in 2024 of updated derivative reporting requirements in their jurisdictions.
TRAction provides a helpful summary of the updated documentation that MAS has released to aid in the implementation of the new reporting requirements for OTC derivatives which commence on 21 October 2024.
MAS have released their updated guidelines for regulatory reporting and outlined the final rules that will come into effect towards the end of October 2024.
