ESMA revises MiFID standard on position reporting
The European Securities and Markets Authority (ESMA) published today a revision of its draft Implementing Technical Standards (ITS) on position reporting under the Markets in Financial Instruments Directive (MiFID II).
ESMA's ITS was revised with regard to the format of position reports by investment firms and market operators. Following ESMA’s submission on 11 December 2015 of the draft ITS, a number of technical amendments were identified in the course of the practical implementation of the regime which ESMA deems necessary for the correct functioning of the position reporting of commodity derivatives. Those changes are highlighted the revised version of the ITS which ESMA has send for endorsement to the European Commission.