TR ACCURACY PRODUCT RELEASE – 06.11.2023
October 30, 2023
- EMIR – 3 validation amendments;
- MiFIR – 3 validation amendments;
- All Regimes – 2 Client Reference Data changes, 2 Statistics and Benchmarking reports changes, 1 new report configuration;
- TRAC Portal – 1 user interface amendment;
- Action Log – 2 functionality improvements.
WHAT DO YOU NEED TO DO?
All users are recommended to restart TRAC desktop tool after the release.
Client using local versions of the client reference data files: ‘client configuration’ or ‘fund managers’ should update the files with new fields. Affected clients will be contacted by Control Now Product team with instructions.
For clients using the Portal versions of the reference data, the file formats will be updated automatically.
|Ref||Product||Change||Affected feature||Client Description||Issue key|
|1||Accuracy: EMIR||Fix: Validation||E143 – Product identification (2.6) and Asset Class (2.2) mismatch: Credit||We have amended an issue with validation underflagging when ISIN is not available.||DEV-3265|
|2||Accuracy: EMIR||Fix: Validation||E130 – Option exercise style (2.79) – FIRDs Mismatch||We have amended validation to correctly flag for “Option Exercise Style” = ‘Other’.||DEV-3239|
|3||Accuracy: EMIR||Fix: Validation||E7 – Reporting Counterparty ID (1.2) with no reporting obligation based on HQ location||We have updated the validation to include EEA countries, rather than just EU countries.||DEV-3268|
|4||Accuracy: MiFIR||Enhancement: Validation||M121 – Net amount (35) blank for debt instrument||Amended validation logic to avoid double flagging cases already flagged by core validation MC111 and MC262.||DEV-3267|
|5||Accuracy: MiFIR||Fix: Validation||M109 – Underlying index name not populated where underlying is an index||We have corrected an issue with validation not being triggered.||DEV-3324|
|6||Accuracy: MiFIR||Fix: Validation||M106c – Underlying (47/48) not identified – overreporting (“Instrument identification code” (41) listings are outside of trading dates)||Amended validation logic to avoid double flagging cases already flagged by core validation MC220.||DEV-3295|
|7||Accuracy: All Regimes||Enhancement: MI||TR Accuracy: Statistics||We have amended the Statistics report to generate separate tab (report) for each client entity, as defined in ‘Client Configurations’ reference data file.||DEV-3075|
|8||Accuracy: All Regimes||Enhancement: MI||TR Accuracy: Benchmarking, TR Accuracy: Statistics||We have reorganized the Statistics and Benchmarking reports generated on TRAC tool by splitting these reports into two separate files for more clarity.||DEV-1970|
|9||Accuracy: All Regimes||Reference data||Client Reference Data: Fund Managers||We have added new fields to ‘Fund managers’ reference data to allow clients to indicate sub-funds, funds set up exclusively for the purpose of serving employee share purchase plans and funds that are securitisation special purpose entities. New fields were added for the purposes of EMIR REFIT validations.||DEV-1940|
|10||Accuracy: All Regimes||Reference data||Client Reference Data: Client Configurations||New field added to allow clients to indicate where reporting was delegated to a third party. New field was added for the purposes of EMIR REFIT validations.||DEV-3218|
|11||Accuracy: All Regimes||New Report Configuration||Reports settings||We have added a new functionality on the Portal to allow client choose fields to be visible on the output details reports.||DEV-1089|
|12||Accuracy: TRAC Portal||Portal UI||Portal Menu||We have reorganized the left hand side menu on the portal by creating a new section for reports.||DEV-3224|
|13||Accuracy: Action Log||Portal Configuration||Action Log||We have added new dropdown options to Action Items to allow tracking ongoing projects: TR Direct (Product field) and EMIR Refit (Regime field).||DEV-3259|
|14||Accuracy: Action Log||Bug||Action Log||We have improved user experience on Action Logs – filtering will not be lost when Action Item dialog box is closed.||DEV-3326|
Please let us know if you have any questions: e-mail Client Support team.
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