Reporting of Emission Allowances

[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 19.1]   The ISIN displayed on European Commission ’s website to phase 4 emission allowances should be reported in FIRDS under RTS 23. Field 1 – Instrument identification code should be reported with ISIN EU000A2QMW50 for EU allowances and EU000A2QMW68 for EU aviation allowances . In case of derivatives having as underlying a phase 4 emission allowance, Field 26 – Underlying instrument code should be populated with EU000A2QMW50 for EU allowances and EU000A2QMW68 for EU aviation allowances. The table below clarifies the different reporting scenarios based on the type of emission allowance. The fields displayed in the tables are all RTS 23 fields that are applicable to emission allowances or derivatives thereof in the FIRDS CFI validation rules . Example 1 – Reporting of phase 4 EUA (spot) RTS 23 Field number RTS 23 Field name Value Content to be reported [1] 1 Instrument identification code EU000A2QMW50 ISIN displayed on the European Commission’s website.  2 Instrument full name EUA Allowance Units Phase 4   3 Instrument classification ITNXXX   4 Commodities or emission allowance derivative indicator No   5 Issuer or operator of the trading venue identifier LEI LEI of the regulated market appointed as an auction platform pursuant to COMMISSION REGULATION (EU) No 1031/2010’ 6 Trading Venue Segment {MIC} of Trading Venue   8 Request for admission to trading by issuer No   11 Date of admission to trading or date of first trade 10/04/2022   12 Termination date 10/04/2024   13 Notional currency 1 EUR     Example 2 – Reporting of a future on phase 4 emission allowance RTS 23 Field number RTS 23 Field name Value Content to be reported [2] 1 Instrument identification code {ISIN} of financial instrument   2 Instrument full name XXX FUTURE ON EEA   3 Instrument classification  FCNPSX   4 Commodities or emission allowance derivative indicator Yes   5 Issuer or operator of the trading venue identifier {LEI} of issuer   6 Trading Venue Segment {MIC} of Trading Venue   8 Request for admission to trading by issuer No   11 Date of admission to trading or date of first trade 10/04/2022   12 Termination date 10/04/2023   13 Notional currency 1 EUR   24 Expiry date 10/04/2023   25 Price Multiplier 1000 Lot size /contract size , e.g. for exchange traded derivatives, 1 lot corresponds to 1,000 allowances or 1,000 tCO2. EUAs 26 Underlying Instrument code EU000A2QMW50 ISIN displayed on the European Commission’s website.  28 Underlying index name   Optional 29 Term of the underlying index   Optional 34 Delivery type ‘PHYS’   35 Base product ENVR   36 Sub product EMIS   37 Further sub product EUAE   38 Transaction type OTHR   39 Final price type EXOF     Example 3 – Reporting of option on a future on phase 4 emission allowance RTS 23 Field number RTS 23 Field name Value Content to be reported [3] 1 Instrument identification code {ISIN} of financial instrument   2 Instrument full name XXX OPTION ON FUTURE - EEA   3 Instrument classification   OPEFPS   4 Commodities or emission allowance derivative indicator Yes   5 Issuer or operator of the trading venue identifier {LEI} of issuer   6 Trading Venue Segment {MIC} of Trading Venue   8 Request for admission to trading by issuer No   11 Date of admission to trading or date of first trade 10/04/2022   12 Termination date 10/04/2023   13 Notional currency 1 EUR   24 Expiry date 10/04/2023   25 Price Multiplier 1000 Lot size /contract size , e.g. for exchange traded derivatives, 1 lot corresponds to 1,000 allowances or 1,000 tCO2. EUAs 26 Underlying Instrument code {ISIN} of the underlying future contract   ISIN of the underlying future 28 Underlying index name   Optional 29 Term of the underlying index   Optional 30 Option type ‘PUTO’   31 Strike price 90.00 Price at which the underlying is purchased or sold when the option is exercised 31 Strike price currency ‘EUR’   33 Option exercise style ‘EURO’   34 Delivery type ‘PHYS’   35 Base product ENVR   36 Sub product EMIS   37 Further sub product EUAE   38 Transaction type OTHR   39 Final price type EXOF       [1] In case of further clarification of the description of the fields are needed these are provided in this column [2] In case of further clarification of the description of the fields are needed these are provided in this column [3] In case of further clarification of the description of the fields are needed these are provided in this column