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ARTICLE · 12 DECEMBER 2016

EU Reporting Instructions Released

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On October 26, 2016, ESMA issued detailed reporting instructions and XML schema under its Financial Instruments Reference Data System.

United StatesFinance and Banking

On October 26, 2016, ESMA issued detailed reporting instructions and XML schema under its Financial Instruments Reference Data System. FIRDS covers the requirements under both MiFIR and MAR for reference data collection, transparency reporting obligations, submission of the Double Volume Cap data and the transaction exchange reporting mechanism.

ESMA's announcement is available at: https://www.esma.europa.eu/press-news/esma-news/esma-issues-mifir-reporting- instructions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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