585. In general, when reconciling data on the venue of execution, TRs should aim at reconciling the same MICs. However, there is one exception - where the derivatives are been concluded between two entities which are also systematic internalisers (see paragraph 310). In that case, when performing the reconciliation of these derivatives, the TRs should not consider the different MIC reported in the case of derivatives between two SIs as a reconciliation break.

Q97. Do you agree with the proposed approach for reconciliation of venues and the clarification in case of SIs? Please elaborate on the reasons for your response.