ESMA updates EMIR validation rules

On 1 March 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.
ESMA updated its validation rules for the reports submitted under the revised technical standards to:

• Allow for the reporting of exchange-traded derivatives in products for which the effective date may be earlier than the date of execution; and
• Clarify how the identification of the product should be validated in the reports submitted on or after 3 January 2018.