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Mifid

EFET and FIA publish enhanced schema for MiFID II position reporting

EFET and the FIA have published a schema which can be used for enhanced reporting of commodity derivatives and emissions positions under MiFID II. The press release can be found here and the schema can be found here. Trading venues and Investment Firms are obligated to report on venue positions and Economically Equivalent OTC deals to National Competent Authorities.

Earlier this year the European Commission adopted a recommended format for such reporting under MiFID II Implementing Technical Standard 4 (see here). the UK’s Financial Conduct Authority has issued a version of the schema for reporting positions under their jurisdiction. The enhanced schema extends the standard so that various pieces of useful information can be communicated. Such fields are marked as in column D of the spreadsheet.

While the focus of position reporting is on venues and Investment Firms, non Investment Firms can be asked to provide or verify certain pieces of information to venues about their positions for onward transmission, for example the hedge status.

 

 

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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