ESMA issues MiFIR reporting instructions

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The European Securities and Markets Authority (ESMA) has issued detailed reporting introductions and XML schemas under its Financial Instruments Reference Data System (FIRDS). FIRDS covers the Markets in Financial Instruments Regulation (MiFIR) and the Market Abuse (MAR) requirements for reference data collection and publication, collection and processing of additional data to support the MiFIR transparency regime and suspensions’s coordination.

The FIRDS provides market participants with additional detailed guidance following the publication of ESMA’s final guidelines regarding transaction reporting under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) and should assist firms in preparing their reporting obligations for the incoming regulations.

The ESMA statement and related information can be found here.