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  1. Guidelines - Transaction reporting, order record keeping and clock synchronisation under MiFID II (updated 7 August 2017) (ESMA/2016/1452)
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Published date: 10 October 2016

Guidelines - Transaction reporting, order record keeping and clock synchronisation under MiFID II (updated 7 August 2017) (ESMA/2016/1452)

Status: Final and translated into the EU official languages
Comparing proposed amendment...
Executive Summary
1 Scope
2 Definitions
3 Purpose
4 Compliance and reporting obligations
5 Guidelines on transaction reporting
Part I - General principles
5.1 General approach to reporting
5.2 Trading capacity
5.3 Chains and transmission
5.4 Execution of a transaction on a Trading Venue
5.5 Identifiers for parties
5.6 Meaning of transaction
5.7 Mechanics for reporting
Part II - Blocks
5.8 Block 1: Buyer/Seller identification
5.9 Block 2: Decision maker for Buyer/Seller
5.10 Block 3 (combination of 1 and 2): Buyer/Seller and decision maker specific scenarios
5.11 Block 4: Investment decision within the firm Field
5.12 Block 5: Execution within the firm field
5.13 Block 6: Trading date time
5.14 Block 7: Venue
5.15 Block 8: Short selling flag
5.16 Block 9: Waiver, OTC post-trade and commodity derivative indicators
5.17 Block 10: Branches
5.18 Block 11: Status of transaction reports and corrections
5.19 Block 12: Change in notional
Part III - Trading scenarios
5.20 Transfer of securities
5.21 Investment Firm introducing without interposing
5.22 One order for one client executed in multiple transactions
5.23 Grouping orders
5.24 OTF acting on a matched principal basis
5.25 Value based transactions with a balancing unit
5.26 Chains and transmission
5.27 Investment Firm acting under a discretionary mandate for multiple clients
5.28 Direct Electronic Access (DEA)
5.29 Hedging through contracts for difference (CFDs)
5.30 Reporting by a Trading Venue of a transaction executed through its systems under Article 26(5) of MiFIR
5.31 Securities financing transactions
Part IV - Reporting of different types of instruments
5.32 Principles
5.33 Identification of financial instruments traded on a Trading Venue or available on the ESMA list
5.34 Identification of financial instruments not traded on a Trading Venue or available on the ESMA list
5.35 Reporting specific financial instruments
6 Guidelines on order record keeping
Part I - General principles
6.1 Scope of order record keeping requirements
6.2 Members or Participants of a Trading Venue
6.3 Client identification code (Field 3)
6.4 Non-executing broker (Field 6)
6.5 Order status (Field 33)
6.6 Validity period date and time (Field 12)
6.7 Passive or aggressive indicator (Field 44)
6.8 Trading venue transaction identification code (TVTIC) (Field 48)
6.9 Sequence Number (Field 15)
6.10 Validity period (Field 10)
6.11 Liquidity provision activity (Field 8)
Part II - Scenarios
6.12 Legend
6.13 Central Limit Order Book
6.14 Request for Quote Systems
7 Guidelines on clock synchronisation
7.1 Reportable Events
7.2 Time stamp Granularity
7.3 Compliance with the maximum divergence requirements
7.4 Application, host and wire timestamps
7.5 Gateway-to-gateway latency
8 Annexes
Annex I Processing of reports received from submitting entities
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