TR ACCURACY PRODUCT RELEASE – 16.09.2022
September 12, 2022
We have the following features due for release on the 16th of September at 1700 UK local time.
- MI report amendment (all regimes)
- MiFIR – 3 validation amendments, 5 MI amendments, 1 deleted validation.
- EMIR – new module: EMIR Reconciliation module (Pairing and Matching)
- Portal – 3 Various user interface enhancements, 2 configuration enhancements.
- Desktop tool – 1 configuration enhancement.
WHAT DO YOU NEED TO DO?
There is no action required from users.
For a full list of changes, please visit the TR Accuracy Portal –> Resources –> TR Accuracy Releases or see the below:
|Ref||Product||Change||Affected feature||Client Description||Issue key|
|1||Accuracy: ASIC, EMIR, MiFIR||Enhancement: MI||MiFIR MI: File Summary, EMIR MI: File Summary, ASIC MI: File Summary –||We have amended the formatting on the ‘Validation Report Detail’ tab of Summary report.||TRD-444|
|2||Accuracy: MiFIR Core||Enhancement: Validation||MC159a, MC159b, MC159c – Option type does not match instrument classification (call) (CON-502), Option type does not match instrument classification (put) (CON-502), Option type does not match instrument classification (other) (CON-502)||We have split validation MC159 into more granular cases to allow for easier analysis and remediation.||TRD-830|
|3||Accuracy: MiFIR Core||Enhancement: Validation||MC284a, MC284b –
Country of branch membership is inconsistent with the MIC populated in venue – OTC (CON-372),
Country of branch membership is inconsistent with the MIC populated in venue – SI (CON-372)
|We have split MC284 into 2 cases to allow for easier interpretation of results.||TRD-844|
|4||Accuracy: MiFIR||Fix: Validation||MC027c, MC043c, MC056c, MC072c – Buyer LEI XXX is not valid (CON-070), Buyer decision maker LEI XXX is not valid (CON-120), Seller LEI XXX is not valid (CON-160), Seller decision maker LEI XXX is not valid (CON-210)||We have fixed an issue with retrieving the LEI Registration Status for LEIs in ‘Pending archival’ or ‘Pending transfer’ statuses.||TRD-892|
|5||Accuracy: MiFIR||Delete: Validation||M232 – Instrument Identification Code (41) is invalid for XOFF||We have deleted validation M232 as it is duplicated by Core validation MC220c.||TRD-891|
|6||Accuracy: MiFIR||Enhancement: MI||MiFIR MI: Buyer Seller Capacity||We have updated the MI to display higher granularity of ID types for Buyer and Seller.||TRD-547|
|7||Accuracy: MiFIR||Enhancement: MI||MiFIR MI: INTC Reconciliation||We have added a new MI Details report containing details of transactions with identified issues around INTC (grouping orders).||TRD-674|
|8||Accuracy: MiFIR||Enhancement: MI||MiFIR MI: INTC Reconciliation||We have enhanced the MiFIR MI report: INTC Reconciliation by adding a breakdown of reasons to allow users for easier problem identification.||TRD-673|
|9||Accuracy: MiFIR||Enhancement: MI||MiFIR MI: Duplication||We have added more details to Duplication MI – listing TRNs that are potential duplicates.||TRD-576|
|10||Accuracy: MiFIR||Fix: MI||MiFIR MI: Buyer Seller Capacity||We have fixed an issue with MIFIR MI: Buyer/Seller Capacity – the pie charts not displaying the correct values for Natural Persons.||TRD-877|
|11||Accuracy: EMIR||New MI||EMIR MI: Reconciliation Summary||We have created a new report helping EMIR reporting firms to interpret inter-TR Reconciliation reports and to remediate Pairing and Matching issues.||TRD-706|
|12||Portal||Portal UI||Landing Page Settings||We have enabled a new functionality to allow each user to choose what they would like to see as their landing page in the CN Portal.||TRD-857|
|13||Portal||Portal UI||Home Menu||We have re-organised the ‘Home’ menu into more intuitive sections.||TRD-853|
|14||Accuracy: EMIR, MiFIR, ASIC||Portal UI||Validations Settings Menu||We have added a filter to Validations Settings menu, allowing to filter all validations with User Comment added.||TRD-852|
|15||Accuracy: EMIR||Portal Configuration||Reconciliation Management||We have added a new page to the Portal Configuration, to allow clients to view and manage actions related to EMIR inter-TR Reconciliation.||TRD-710|
|16||Accuracy: EMIR, MiFIR, ASIC||Portal Configuration||Metadata and Benchmarking Settings||We have moved the Metadata and Benchmarking reports settings to ‘Reports’ section of the Portal menu.||TRD-878|
|17||TRAC: Desktop||Desktop Configuration||System Message display||We have updated the TRAC desktop tool to display the ‘System message’ as previously seen only in the Portal.||TRD-712|
Control Now Ltd, founded in 2017, is a provider of Transaction Reporting Assurance software tools to empower market participants to perform oversight of their Regulatory Reporting Processes. Control Now Ltd provide TR Accuracy (Data Quality Assurance) and TR Completeness (Reconciliations) services. Please get in touch for a Free Health Check –