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Article 37 of the MMF Regulation provides that ESMA shall develop draft implementing technical standards to establish a reporting template containing all the information managers of MMFs are required to send to the competent authority of the MMF.
The draft ITS were finalized by ESMA in November 20171 and endorsed and published by the Commission in April 20182.
With respect to these ITS on the establishment of a reporting template and the timing of implementation of the corresponding database, ESMA confirms that managers would need to send their first quarterly reports mentioned in Article 37 to NCAs in Q1 2020 (and not in July 2018). In addition, there will be no requirement to retroactively provide historical data for any period prior to this starting date of the reporting.
Following the publication of these ITS, ESMA worked on the Guidelines and IT guidance that will complement the information included in the ITS so that managers of MMFs have all the necessary information to fill in the reporting template they will send to the competent authority of their MMF, as specified in article 37 of the MMF Regulation.
This consultation paper (CP) represents the first step in the development of such specifications of the guidelines described above and sets out proposals on which ESMA is seeking the views of external stakeholders.
This document will be of interest to