The status of ‘NEWT’ in Field 1 is used for a transaction not yet reported and for a correction of an inaccurate transaction report following a cancellation of the original transaction report.

The status of ‘CANC’ is used to cancel transaction reports in non reportable transactions and to cancel transaction reports that contain errors before making a replacement transaction report.

 Transaction reference numbers (TRNs) should be unique to the executing Investment Firm for each transaction report. In cases where one or more ARMs are involved, the transaction reference number should always be generated at the executing Investment Firm level. The TRN should not be re-used, except where the original transaction report is being corrected or cancelled in which case the same transaction reference number should be used for the replacement report as for the original report that is being replaced (see sections 5.18.3 and 5.18.4). The TRN should be re-used for any subsequent correction of the same transaction report. It may happen that there are more than one record (new or cancellation) related to the same transaction (with the same transaction reference number and the executing entity identification code) that should be included in a single file. In that case, the order of the records in the file should follow the records processing logic, i.e. that (i) one can only cancel a transaction that has been reported as a new transaction before and has not been cancelled yet and (ii) one can only submit a transaction with the same identification (the same transaction reference number and the executing entity identification code) if the previous report for this transaction has been cancelled. In particular, the following cases should be considered: