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18th August 2023

TR Accuracy Release – 28/08/2023

KEY POINTS

TR Accuracy

  • EMIR – 1 new MIs and supplementary details MI;

  • EMIR Reconciliation – 1 metadata amendment;

  • MiFIR – 1 ingestion amendment, 1 validation amendment, 1 MI amendment;

  • MiFIR Core – 1 validation amendment;

  • All Regimes – 1 statistics report amendment;

  • TRAC Scheduler – 1 new functionality

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: EMIR

New MI

EMIR MI: REFIT Requirements – Source UPI

We are introducing a new EMIR MI report that helps clients identify if they may be required to obtain or generate UPI under EMIR REFIT.

DEV-3185

2

Accuracy: EMIR

New MI

EMIR MI: REFIT Requirements – Source UPI

We have added a new optional EMIR MI Details report: UPI CSV file that supplements the newly added EMIR MI report: REFIT Requirements – Source UPI.

DEV-3186

3

Accuracy: EMIR Reconciliation

Portal Configuration

EMIR Reconciliation Summary Report

We have amended our EMIR Reconciliation module to reduce the types of data saved by CN. As a result the “Example Reported Value” and “Example Other Counterparty Value” columns are now not available on TRAC Portal.

DEV-3163

4

Accuracy: MiFIR

Ingestion

FCA MDP format

We have fixed an issue with ingesting data from MiFID .xml format for fields [execution_within_firm] and [execution_within_firm_type]

DEV-3182

5

Accuracy: MiFIR

Enhancement: Validation

M200 – Transmission of order indicator (25) true for on exchange execution

We have narrowed the logic criteria for validation M200 to avoid flagging the cases already flagged by M86/M87.

DEV-3198

6

Accuracy: MiFIR

Fix: MI

MiFIR MI: Transmission of order

We have modified the report values for Buyer/Seller DM field, when decision was made by Buyer/Seller (i.e. no third party involved) – the report was previously displaying value ‘Client’s own decision’ – this was updated to ‘Buyer/Seller’s own decision’.

DEV-3183

7

Accuracy: MiFIR Core

Fix: Validation

MC233 – Commodity derivative indicator is missing (CON-640)

We have amended validation MC233 to verify ISINs against current FIRDs entries rather than old entries.

DEV-3196

8

Accuracy: All Regimes

Enhancement: MI

TR Accuracy: Statistics Report

We have redesigned the ‘Flagged records per run’ chart on the Statistics report for easier readability: displaying stacked charts to show volume of processed data and moved percentage indication to secondary axis.

DEV-3076

9

Accuracy: Portal

Bug

Action Log

We have fixed an issue with the auto refreshing functionality in the Action log page on the portal.

DEV-3208

10

Accuracy: TRAC Tool

Improvement

Scheduler

We have introduced an ability to amend order of scheduled jobs within TRAC Scheduler.

DEV-3081

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

Control Now Ltd, is a provider of Transaction Reporting software tools to empower market participants to perform oversight of their Regulatory Reporting Processes. Control Now Ltd accepts no liability for any loss or damage caused by use of or reliance on this information or any other information published by Control Now Ltd. Recipients of this information must perform their own due diligence to confirm the information is accurate and relevant for their business scenario. Control Now Ltd reserves its right to re-publish the information.