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.

KEY POINTS

  • 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

Please let us know if you have any questions:

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 –