ESMA provides updated instructions for weekly commodity derivative position reporting
The European Securities and Markets Authority (ESMA) has published updated reporting instructions and XML schema (version 1.2.0) for the weekly reporting of commodity derivatives positions under the Markets in Financial Instruments Directive II (MiFID II), reflecting the changes from the latest review.
Beyond the changes directly originating from MiFID II – such as the requirement to publish two weekly reports and the exclusion of (spot) emission allowances from position reporting – the updated XML schema and reporting instructions also include other amendments to ITS 4, like the harmonisation of reporting units for energy derivatives.
The adjustments are based on ESMA’s Final Report submitted to the European Commission in December 2024, which is currently pending adoption. ESMA has opted for this approach to ensure a consistent reporting framework and minimise the need for frequent updates to the XML schema and instructions.
Next steps
ESMA will start applying the new XML schema and reporting instructions on 1 April 2026. As of that date, reporting entities should only use the latest version 1.2.0.
In case of any technical issues, stakeholders can notify ESMA under Trading_Unit@esma.europa.eu.
Further information:
Cristina Bonillo
Senior Communications Officer
press@esma.europa.eu