What is FIRDS ESMA?

What is FIRDS ESMA?

The European Securities and Markets Authority (ESMA) released a new version of its Financial Instrument Reference Database (FIRDS) on 23 September 2019. The updated version of the system includes new XML schemas v1. 1.0 that are now the only version accepted by the system and updates to the CFI validation rules.

What is FIRDS used for?

FIRDS is then used as one of many sources of reference data to determine whether transactions executed in financial instruments across Europe are reportable to regulatory authorities. FIRDS has succeeded in presenting data in a harmonised way.

What is FCA FIRDS?

The FCA Financial Instruments Reference Data System (FCA FIRDS) has been built to replace the European Securities and Markets Authority (ESMA) FIRDS in the UK as part of the FCA’s planning for Brexit.

What is FIRDS reporting?

FIRDS is the reference data architecture developed by European Securities and Markets Authority (ESMA) and National Competent Authorities (NCAs) to provide publication of, and access to, reference data required under the enhanced scope of MiFID II.

What is Esma register?

ESMA fulfils its mission to enhance investor protection and promote stable and orderly financial markets by facilitating access to relevant registers and statistical data for market participants, regulators and the general public.

Where can you find the latest list of EEA regulated markets?

As required by Article 56 of MiFID II, a searchable register of regulated markets within the EEA is maintained on the website of the European Securities and Markets Authority (ESMA).

What is a CFI code?

ISO 10962, Securities and related financial instruments – Classification of financial instruments (CFI code), is the worldwide reference for the codes used to classify financial instruments such as cash, derivatives or foreign exchange.

Why do we need to transaction report to the FCA?

A transaction report is data submitted to us which contains information relating to a transaction. We use the reports to detect and investigate suspected market abuse. They may also be used for conduct supervision purposes and to support the work of other regulatory authorities such as the Bank of England.

What is the difference between EMIR and MiFID II?

MiFID II and EMIR share the regulatory coverage of the OTC derivatives market. While MiFID II introduces a trade obligation for OTC derivatives as part of its market structure related measures, EMIR addresses the duty for central clearing. In this case, both regulations complement each other.

What is reportable under MiFIR?

The transaction reporting obligation under MiFID II/MiFIR captures: financial instruments which are admitted to trading or traded on a trading venue or for which a request for admission to trading has been made, financial instruments where the underlying is a financial instrument traded on a trading venue, and.

What is a reportable instrument?

First published: 09/06/2016 Last updated: 31/12/2020. To be reportable an instrument must be considered a financial instrument specified in Part 1 of Schedule 2 to the Regulated Activities Order and be admitted to trading or traded on a trading venue within scope of the UK MiFID framework.

Where is ESMA?

the European Securities and Markets Authority (ESMA), based in Paris.

Does ESMA apply to UK?

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has announced today its decision to extend the application of the recognition decisions under Article 25 of EMIR (Regulation (EU) 648/2012) for the three CCPs established in the United Kingdom.

What is a Securitisation repository?

Securitisation repositories (SRs) under Regulation (EU) 2017/2402 (The Securitisation Regulation) centrally collect and maintain the records of securitisation instruments and underlying assets.

Which markets are regulated?

Examples of regulatory bodies in the U.S. include the Food and Drug Administration, the Securities and Exchange Commission, and the Environmental Protection Agency.

What are EU regulated markets?

(as defined in Article 2(1)(13B) of MiFIR) means a regulated market which is authorised and functions regularly and in accordance with Title III of Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments directive of 15 May 2014.

Is SIX Swiss exchange a regulated market?

SIX Exchange Regulation On the basis of the self-regulatory mandate prescribed under the Stock Exchange Act, SIX performs regulatory functions in stock market trading and the admission of securities as well as associated follow-up obligations.