TR Accuracy Product Release – 04/12/2023

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.

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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