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FAQs on transaction reporting – Question II.1.1.18

All standard contracts have to be reported on a T+1 basis independent of the market they were traded on (OMP or OTC). Since there is no implementation period transactions have to be reported instantly in case a non-standard contract becomes part of that list on a T+1 basis (instead of a T+30 basis). It is not possible for market participants to change the infrastructure for reporting in one day to become compliant.


Answer:

When a contract previously reported as non-standard contract is admitted to trade at an organised market place we do understand that market participants may need some time before they are able to report their transactions on a T+1 day basis rather than on a T+1 month basis.

In this case market participant should make their best efforts to minimise the time they need to start reporting the contract on a T+1 day basis.

Last update: 24/03/2016   RSS_Icon Subscribe to this Page’s RSS