ESMA · ESMA_QA_1703 Answer Published
Transaction reporting
- Regulation
- Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
- Topic
- * Transaction reporting
- Submitted
- 2017-07-07
- Answered
- 2017-07-07
Question
Could there be circumstances where the buyer and seller in a transaction report made under Article 26 of MiFIR are the same?
Answer
[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 24.3] Yes, where a firm or investment firm, Firm A, instructs an investment firm, Firm B, to make a simultaneous buy and sell for its clients but Firm A has not complied with the conditions for transmission under article 4 of Commission Delegated Regulation (EU) 2017/590. If Firm B executes these transactions outside a trading venue then it should report the ISO 17442 LEI of Firm A in the buyer and seller fields in its transaction reports.
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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