ESMA has updated the spreadsheet that defines that validations used for EMIR reporting. The updated sheet can be found here. The changes will apply from 5th November.

The following fields have been changed:

• Reporting timestamp  (1.1)
• Reporting Counterparty ID (1.2)
• ID of the other counterparty (1.4) (i.e. the other party)
• Underlying identification (2.8)
• Confirmation means (2.33)

The types of change include the requirement that LEIs used are valid and stricter rules on the timestamp.