Reasons for publication

This Consultation Paper (CP) seeks stakeholders' views on key elements of future ESMA Guidelines on reporting under EMIR. These Guidelines will complement the EMIR technical standards on reporting, data quality and data access [The Draft RTS on reporting, Draft ITS on reporting, Draft RTS on registration of TRs, Draft RTS on data quality, Draft RTS on data access, adopted by ESMA on 17/12/2020 (ESMA74-362-824) are submitted to the European Commission for endorsement. In accordance with Article 10 of Regulation (EU) No 1095/2010, the European Commission has to decide whether to endorse the draft technical standards within 3 months, or inform the European Parliament and the Council, in due time, where the adoption cannot take place within the three-month period.] by providing clarifications on the reporting scheme which aim to ensure the consistent implementation of the EMIR reporting rules. Respondents to this CP are encouraged to provide the relevant information to support their arguments or proposals.

Contents

This Consultation Paper includes draft guidelines on a wide set of topics related to reporting, data quality and data access under EMIR Refit. With regards to reporting, this paper provides clarifications concerning responsibility for reporting, reporting logic and the correct population of fields for different reporting scenarios and different products. With regards to the data quality, the procedures to be implemented by the reporting entities and by the TRs are clarified. Concerning data access, this paper clarifies certain operational aspects.