On Wednesday July 8, the European Securities and Markets Authority (ESMA) announced that it had updated its document on data reporting under the Market in Financial Instruments Regulation (MiFIR).
The EU’s securities markets regulator’s questions and answers document is set up to help market stakeholders achieve a better understanding of their compliance obligations.
The update to the Q&A aims to provide clarifications in relation to the reporting requirements for submission of transaction reports under Article 26 of MiFIR and RTS 22. In particular, the new Q&A provides two reporting scenarios where an investment firm executes a transaction through an execution algorithm provided by another firm.
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