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19th February 2024

TR Accuracy and TR Completeness Release – 26/02/2024

KEY POINTS

TR Accuracy

  • EMIR – 1 ingestion amendment, 3 validations amendments;

  • MiFIR – 2 new details MIs, 1 MI amendment;

  • TRAC Portal – 2 new reports settings

TR Completeness

  • TRAC Portal - 2 new reports available

WHAT DO YOU NEED TO DO?
Users are recommended to restart TRAC desktop tool after the release.

Ref

Product

Change

Affected feature

Client description

Issue key

1

Accuracy: EMIR

Ingestion

Normalisation logic

We have updated the ingestion logic for EMIR Regis-TR Submission format: margin currency fields.

DEV-3394

2

Accuracy: EMIR

Fix: Validation

E186 - Intragroup (2.38) is left blank

We have amended the logic for validation E186 to prevent flagging cases where venue of execution is blank.

DEV-3443

3

Accuracy: EMIR

Fix: Validation

E176 - Market trade missing for principal execution for fund manager

We have amended the logic for validation E176 to flag correctly for cases where the fund manager’s allocation to the fund has been identified, but no transaction report has been identified to show the fund managers trades with the market.

DEV-3323

4

Accuracy: EMIR

Fix: Validation

E179 - CCP (2.37) ID not recognised, E93 - ETD (2.15) transaction not cleared by an authorised CCP

We have updated validation E179 to not double flag where logic overlaps with E93a, E93b or E93c.

DEV-3321

5

Accuracy: MiFIR

Enhancement: MI

MiFIR MI: Unit Price Spread ETD

We added changes to MiFIR MI: Unit Price Spread: updated name, info box and added row size limit of 5k.

DEV-1977

6

Accuracy: MiFIR

Fix: MI

MiFIR MI: Unit Price Spread ETD

We have amended the filtering logic for MiFIR MI Unit price spread to exclude cases where prices cannot be compared (price expressed as percentage or basis points, missing ISIN, missing price currency).

DEV-3444

7

Accuracy: MiFIR

New Details MI

Unit Price Spread ETD

We have introduced a new MiFIR MI details Report as a supplement for "Unit Price Spread ETD" MI report.

DEV-1935

8

Accuracy: MiFIR

New Details MI

OTC Price Spread

We have introduced a new MiFIR MI details Report as a supplement for "OTC Price Spread" MI report.

DEV-1934

9

Accuracy: MiFIR

Portal Configuration

MiFIR Details MI: Unit Price Spread ETD

We have added the new MiFIR MI Details report "Unit Price Spread ETD" to the TRAC Portal settings.

DEV-1962

10

Accuracy: MiFIR

Portal Configuration

MiFIR Details MI: OTC Price Spread

We have added the new MiFIR MI Details report "OTC Unit Price Spread" to the TRAC Portal settings.

DEV-1959

11

Completeness: TRAC Portal

Portal Report

TR Completeness Statistics Report

We have added a new report available on TRAC Portal: Statistics for TR Completeness product.

DEV-2059

12

Completeness: TRAC Portal

Portal Report

TR Completeness Usage Report

We have added 'Usage and Summary' report for TR Completeness in TRAC Portal. The new report allows users to track the frequency of TRC use and to download the Summary page for past reports.

DEV-2057

Please let us know if you have any questions: client.support@control-now.com.

Control Now can help you seamlessly manage such changes as amendments and modifications are automatically integrated into our software.

For more details, including a demo of our products, please contact: info@control-now.com

Control Now Ltd, is a provider of Transaction Reporting software tools to empower market participants to perform oversight of their Regulatory Reporting Processes. Control Now Ltd accepts no liability for any loss or damage caused by use of or reliance on this information or any other information published by Control Now Ltd. Recipients of this information must perform their own due diligence to confirm the information is accurate and relevant for their business scenario. Control Now Ltd reserves its right to re-publish the information.