Consultation period until 19/06/2020.
Final report expected Q4 2020.
Go live – 18 months later (See 346)
ESMA has written a proposal to update the EMIR RTS and ITS for EMIR reporting to the Trade Repositories.
The intention of the update is to;
Align with the global guidance on OTC derivatives data elements (CPMI and IOSCO)
Suggest arrangements for allocation of responsibility for reporting between counterparties
Suggest arrangements to ensure the correct reporting
Provide a statement of reporting of lifecycle events
Provide a statement of reporting at position level should be performed.
Update product specific reporting requirements
It is accepting comments from all market participants before 19.06.20. All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’