The European Securities and Markets Authority (ESMA) has published an update of existing technical standards regarding data reporting requirements under the European Markets Infrastructure Regulation (EMIR). EMIR requires counterparties to report their derivative trades to trade repositories following a defined data format.

Article 9 of EMIR provided a mandate for ESMA to draft RTS and ITS on a consistent application of the reporting obligation for counterparties and CCPs. In 2012 and 2013 ESMA fulfilled its mandate and submitted those drafts to the Commission, which became the Regulation No. 148/2013 (RTS) and Regulation No. 1247/2012 (ITS).