ESMA announces creation of Consultative Working Group for MDRWG

16 May 2014

Following the call for expressions of interest published in December 2013, ESMA announced the creation of the Consultative Working group of the Market Data Reporting Working Group.

The Market Data Reporting Working Group (MDRWG) contributes to ESMA’s work on issues relating to reporting of transactions, positions, record-keeping of orders and instrument reference data. The objectives of this group are to enhance the quality of the market data reported to EU National Authorities and Trade Repositories and to foster supervisory convergence among the national authorities in its area of competence.

In terms of policy, the MDRWG is responsible for elaborating technical standards, guidelines and Q&As relating to the review and implementation of reporting requirements resulting from two important markets legislations: the European Market Infrastructure Regulation (EMIR) and the second iteration of the Markets in Financial Instruments Directive (MiFID II). The aim is to foster consistency, to the maximum extent, by avoiding reporting conflicts between the two regimes.

Documents and databases relating to MiFID I transaction reporting are published on the pages of the IT Governance Group and the MiFID Archive.

Press release

The Market Data Reporting Working Group

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