CESR consultation on use of reference data standard codes in transaction reporting

15 December 2006

CESR issued a consultation paper on the use of reference data standard codes in transaction reporting. CESR identified a set of standard codes it proposes could be used in the exchange of transaction reporting between CESR Members.

When MiFID comes into force, investment firms will report transactions to their local regulators in accordance with article 25 of the directive. A crucial part of the new reporting framework is the exchange of transaction reports between CESR members.

The standards used between CESR Members do not automatically dictate the standards to be used by investment firms in reporting to their local CESR Member, but there is a strong link between these two. Deadline for consultation is 15 January 2007.
A public hearing will be held on 8 January 2007

Document

© CESR - Committee of European Securities Regulators