KEY POINTS
TR Accuracy
EMIR – 1 definition amendment, 3 validation amendments;
MiFIR – 1 MI amendment;
Portal Action log – feature updates
WHAT DO YOU NEED TO DO?
Users are recommended to restart TRAC desktop tool after the release.
4th December 2023
TR Accuracy Product Release – 04/12/2023
| Ref | Product | Change | Affected feature | Client description | Issue key |
| 1 | Accuracy: EMIR | Fix: Validation, Definitions | E112: Venue of execution (2.15) OTC – no ISIN, Emir Definition: is_equivalent_market | The logic for indentifying the ‘Equivalent markets’ for EMIR was updated to account for report types where execution timestamp is not mandatory (e.g. valuations) | DEV-3359 |
| 2 | Accuracy: EMIR | Fix: Validation | E108 – Underlying (2.7) and Fixed/Floating rate (2.39/2.55) are not populated for Interest Rate | We have amended the validation to not flag for government bonds, as per ESMA Q&A TR Question 1a. | DEV-3358 |
| 3 | Accuracy: EMIR | Fix: Validation | E7 – Reporting Counterparty ID (1.2) with no reporting obligation based on HQ location | Validation logic was amended to avoid false flagging collateral update records where Corporate Sector field is not populated. | DEV-3349 |
| 4 | Accuracy: MiFIR | Fix: MI | MiFIR MI: Decision Makers | We have fixed an issue with overfiltering records where one of the fields (Investment decision within firm and Execution within firm) was populated with ALGO. | DEV-3333 |
| 5 | Accuracy: Portal | Portal Configuration | Action Log | New columns were added to the aggregated view of the Action Log. Users can now track development updates thanks to Jira linking. | DEV-3303 |
| 6 | Accuracy: Portal | Bug | Action Log | We have fixed an issue with the auto refreshing functionality in the Action log page on the portal. | DEV-3237 |
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
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