ESMA · ESMA_QA_1507 Answer Published
Reporting of Emission Allowances
- Regulation
- Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
- Topic
- ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
- Submitted
- 2022-07-11
- Answered
- 2022-07-11
Question
In case of phase 4 emission allowances or derivatives thereof reported with an ISIN which is different from the ISIN displayed on the European Commission website, a) should trading venues and SIs amend the record in FIRDS with the correct ISIN displayed on the European Commission’s website? b) how should trading venues amend the record concerning phase 4 emission allowances in FIRDS with the correct ISIN displayed on the European Commission’s website? c) how should trading venues and SIs amend the record concerning futures on phase 4 emission allowances in FIRDS with the correct ISIN displayed on the European Commission’s website?
Answer
[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 19.2] Yes Trading venues that previously submitted phase 4 emission allowances with a different ISIN in FIRDS (i.e. not the EU ISIN for phase 4) should: Terminate the incorrect phase 4 emission allowances in FIRDS, and Resubmit in FIRDS the phase 4 emission allowance with the ISIN for phase 4 (i.e. EU000A2QMW50 or EU000A2QMW68) displayed by the European Commission. Trading venues and SIs that previously submitted futures on phase 4 emission allowances with a different underlying ISIN (i.e. not the EU ISIN for phase 4) as underlying should: Terminate the future in FIRDS, and Resubmit in FIRDS the future on phase 4 emission allowance with the ISIN of the phase 4 emission allowances as underlying (i.e. EU000A2QMW50 or EU000A2QMW68) displayed by the European Commission.
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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