ESMA · ESMA_QA_1536 Answer Published
Position reporting
- Regulation
- Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
- Topic
- Position reporting
- Submitted
- 2017-11-13
- Answered
- 2017-11-13
Question
Can position reporting pursuant to Article 58(2) be outsourced to another entity?
Answer
[ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 4.14] Yes. Investment firms can delegate the reporting to third parties but shall remain responsible for the reports. The investment firm has to comply with the relevant outsourcing requirements specified in MiFID II.
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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