Why the change?

October 12, 2017

Since the start of EMIR Reporting, ESMA has been providing guidance via their Q&As and looking to clarify certain aspects of the regime. The revised RTS and ITS allow the incorporation of these years of guidance and clarity directly into the technical standards. It also allows the addition of new fields and values to better reflect market practice as well as the opportunity to better align EMIR standards with the upcoming MiFIR transaction reporting.