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FAQs on transaction reporting – Question II.2.1.9

Data Field (8)

The TRUM is not explicit about whether beneficiary information should be included as a lifecycle event for order data both on unexecuted orders and orders which result in a trade. It is clear that Participants will have to report the beneficiary information on trades, but it is not clear if they should have to for orders. Please could ACER clarify?

Example: Where a transaction needs to be updated with the beneficiary information as a lifecycle event; does ACER expect market participants to also update the related orders that led to the transaction with the beneficiary information?

The beneficiary information should only be required to be reported on executed trades


Answer:

When a trade report is updated with the beneficiary information as a lifecycle event there is no expectation that market participants also update the related orders that led to the transaction with the beneficiary information.

Last update: 08/09/2015   RSS_Icon Subscribe to this Page’s RSS