ESMA updates validation rules under EMIR

EMIR
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Date: 23 August 2018

On 9th August 2018, the European Securities and Markets Authority (ESMA) updated its validation rules regarding the European Markets Infrastructure Regulation (EMIR) with regards to the revised technical standards on reporting under Article 9 of EMIR. The amendments will be applicable from 5 November 2018.

ESMA updated its validation rules for the submitted reports for the following fields:

  • Reporting Timestamp; 
  • Confirmation means
  • Reporting Counterparty ID;
  • ID of the Other Counterparty; 
  • Underlying Identification; and
  • Confirmation means.