183. Under the current RTS and ITS on reporting the reportable details are split between two tables: Table 1 Counterparty data and Table 2 Common data. The reason behind this structure is that certain elements are specific to the given counterparty (e.g. its identifier, business sector and location, the broker used by the counterparty to execute the derivative etc.) whereas other elements are descriptors of the derivative and are common for both counterparties (e.g. characteristics of the product traded, notional, execution timestamp etc.). Data elements in the second table are further grouped into sections, e.g. contract type, contract information, details of the transaction etc.

184. ESMA believes that this differentiation between counterparty-specific and common data is helpful, and therefore it should be maintained. However, ESMA proposes some changes to the structures of the tables to further improve their readability.