CESR adopted two new arrangements for transaction reporting in order to solve remaining issues in accordance with the MiFID Directive.
Reporting on non-securities derivatives, including commodity derivatives, will be undertaken through the relevant regulated markets. They will thereby act as an alternative reporting channel for local exchange members.
An alternative way for the identification of securities derivatives on some derivatives markets is introduced. The new identification is based on a number of fields rather than a single identifier, but in order to facilitate communication they are commonly called the Alternative Instrument Identified.
Due to the late decision on this issue, it will not be possible to implement the AII in full use in all EEA countries on 1 November 2007. Each individual national authority member of CESR will inform locally on provisional measures and the timetable for the full implementation of this new arrangement.
CESR will review these arrangements in three years time or earlier if needed.
Press release
Public Statement
© CESR - Committee of European Securities Regulators
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