KEY POINTS
TR Accuracy
TRAC – new functionality: Scheduler;
MiFIR – new subscription: NP ID validator;
MiFIR – 2 validation amendments;;
MiFIR Core – 1 validation amendment;
Portal – 1 user interface amendment;
Action Log – 2 configuration amendments
WHAT DO YOU NEED TO DO?
All users are recommended to re-start their TRAC desktop tool after the release. Otherwise, you can continue using TRAC tool as normal, there are no configuration changes required to benefit from the new features.
Ref | Product | Change | Affected feature | Client description | Issue key |
1 | Accuracy | New configuration | TRAC Scheduler | We have enabled a brand new functionality of scheduling the TRAC runs. Users can set up multiple pre-defined runs and initiate them with one click of a button. | DEV-2005 |
2 | Accuracy: MiFIR | New module | NP Validator | We have enabled a new MiFID module – Natural Persons (NP) validator. The module is a simplified version of the TR Accuracy service focusing on the Natural Persons Identifiers and allowing clients to pro-actively check the stored IDs for all clients. | DEV-2130 |
3 | Accuracy: MiFIR Core | Fix: Validation | MC148b – Underlying instrument code is not present in the ref data for venue XXXX (CON-472) | We have updated the identification of underlying as ‘listed on a trading date’ to avoid double flagging with validation M106a. | DEV-3023 |
4 | Accuracy: MiFIR | Enhancement: Validation | M56 – Buyer identification code (7) the buyer type value is not a top priority identifier in NCA, M64 – Seller identification code (16) type is not a top priority identifier in NCA | We have added an exception to not flag use of CONCAT as non 1st priority IDs for UK nationals under the age of 16. Exception applies only to pre-Brexit executions and post-Brexit executions of entities with reporting obligation according to FCA rules. | DEV-3035 |
5 | Accuracy | Portal UI | User Management | We have added a timestamp of ‘Last Active’ in ‘Users Management’ section (previously only displaying date). | DEV-1952 |
6 | Accuracy | Portal Configuration | Action Log | We have enabled the function of linking items and changing statues for archived action logs. | DEV-3029 |
7 | Accuracy | Portal Configuration | Action Log | We have improved the Action Items generation directly from the TRAC Portal components (e.g. validation settings). | DEV-3020 |
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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