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TR portability guidelines issued by ESMA

ESMA has issued “portability guidelines” for EMIR Trade Repositories(TR), to be followed when data is to be transferred from one TR to another. This could occur if a market participant requests it, or if a TR ceases operation. The press release can be found here and the document here. At present the guidelines for doing this are inconsistent, and as stated in the document, the transfer of data often leads to incorrect information being sent. The document will assist in keeping the data consistent, as well as  the process of keeping the “TR market” competitive.

The guidelines apply from 16th October 2017, only 2 weeks before the new EMIR reporting standards start ti apply, from 1st November (see here).

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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