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21st July 2023

TR Accuracy Release – 31/07/2023

KEY POINTS

TR Accuracy

  • EMIR – 1 validation amendment;

  • EMIR Reconciliation – ingestion amendment;

  • MiFIR – 2 validation amendments, 1 deleted validation;

  • MiFIR Core – 1 validation amendment;

  • ASIC, MiFIR – 1 Summary Report amendment;

  • TRAC Portal – Amendment to Statistics and Benchmarking downloaded file names;

  • TRAC Scheduler – 1 User Interface 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: EMIR

Fix: MI

EMIR MI: Notional Tolerance

We have updated the EMIR MI report ‘Notional Tolerance’, “Notional Tolerance Details” table with the details of the records not linked to the reporting entity. The same change was applied to the supplementing Details MI (.csv).

DEV-3137

2

Accuracy: EMIR Reconciliation

Bug

EMIR Reconciliation module

We have fixed an ingestion issue of EMIR pairing and matching files (Unavista Portal format) for EMIR Reconciliation report.

DEV-3171

3

Accuracy: MiFIR

Fix: Validation

M107 – Underlying instrument code (47): incorrect ISIN for underlying index

We have amended validation M107 to allow use of alternative ISINs for some indices (where 1 index can be identified with 2 different ISINs).

DEV-3169

4

Accuracy: MiFIR

Fix: Validation

M260 – Commodity derivative indicator (64) populated for non-derivatives

We have amended validation to not flag for instruments where derivative may be an ultimate underlying (as opposed to immediate underlying).

DEV-3099

5

Accuracy: MiFIR

Delete: Validation

M128 – Execution within firm (59): unrecognised country for Natural Person

We have deleted validation M128 as it is duplicated with Core validation MC186

DEV-3156

6

Accuracy: MiFIR Core

Fix: Validation

MC186 – The national identification code does not include valid country code (CON-590)

We have amended to logic of core validation MC186 to flag all NP ID types (previously only NIND was flagged).

DEV-3155

7

Accuracy: ASIC, MiFIR

Fix: MI

Report Summary

We have amended the formatting of “% Inaccuracy” field on the “Inbound File(s) Summary” of “Summary Report”.

DEV-3089

8

Accuracy: Portal

Improvement

TR Accuracy: Benchmarking, Statistics

We have updated the names of the Statistic and Benchmarking reports downloaded from the portal to include the regime name.

DEV-3127

9

Accuracy: TRAC tool

Improvement

Scheduler

We have made some UI improvements on the Scheduler functionality on the TRAC tool.

DEV-3095

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.