Original question
Original language
[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 19.1]
The ISIN displayed on European Commission’s website to phase 4 emission allowances should be reported in FIRDS under RTS 23. Field 1 – Instrument identification code should be reported with ISIN EU000A2QMW50 for EU allowances and EU000A2QMW68 for EU aviation allowances. In case of derivatives having as underlying a phase 4 emission allowance, Field 26 – Underlying instrument code should be populated with EU000A2QMW50 for EU allowances and EU000A2QMW68 for EU aviation allowances. The table below clarifies the different reporting scenarios based on the type of emission allowance. The fields displayed in the tables are all RTS 23 fields that are applicable to emission allowances or derivatives thereof in the FIRDS CFI validation rules.
Example 1 – Reporting of phase 4 EUA (spot)
|
RTS 23 Field number |
RTS 23 Field name |
Value |
Content to be reported[1] |
|
1 |
Instrument identification code |
EU000A2QMW50 |
ISIN displayed on the European Commission’s website. |
|
2 |
Instrument full name |
EUA Allowance Units Phase 4 |
|
|
3 |
Instrument classification |
ITNXXX |
|
|
4 |
Commodities or emission allowance derivative indicator |
No |
|
|
5 |
Issuer or operator of the trading venue identifier |
LEI |
LEI of the regulated market appointed as an auction platform pursuant to COMMISSION REGULATION (EU) No 1031/2010’ |
|
6 |
Trading Venue |
Segment {MIC} of Trading Venue |
|
|
8 |
Request for admission to trading by issuer |
No |
|
|
11 |
Date of admission to trading or date of first trade |
10/04/2022 |
|
|
12 |
Termination date |
10/04/2024 |
|
|
13 |
Notional currency 1 |
EUR |
|
Example 2 – Reporting of a future on phase 4 emission allowance
|
RTS 23 Field number |
RTS 23 Field name |
Value |
Content to be reported[2] |
|
1 |
Instrument identification code |
{ISIN} of financial instrument |
|
|
2 |
Instrument full name |
XXX FUTURE ON EEA |
|
|
3 |
Instrument classification |
FCNPSX |
|
|
4 |
Commodities or emission allowance derivative indicator |
Yes |
|
|
5 |
Issuer or operator of the trading venue identifier |
{LEI} of issuer |
|
|
6 |
Trading Venue |
Segment {MIC} of Trading Venue |
|
|
8 |
Request for admission to trading by issuer |
No |
|
|
11 |
Date of admission to trading or date of first trade |
10/04/2022 |
|
|
12 |
Termination date |
10/04/2023 |
|
|
13 |
Notional currency 1 |
EUR |
|
|
24 |
Expiry date |
10/04/2023 |
|
|
25 |
Price Multiplier |
1000 |
Lot size /contract size , e.g. for exchange traded derivatives, 1 lot corresponds to 1,000 allowances or 1,000 tCO2. EUAs |
|
26 |
Underlying Instrument code |
EU000A2QMW50 |
ISIN displayed on the European Commission’s website. |
|
28 |
Underlying index name |
|
Optional |
|
29 |
Term of the underlying index |
|
Optional |
|
34 |
Delivery type |
‘PHYS’ |
|
|
35 |
Base product |
ENVR |
|
|
36 |
Sub product |
EMIS |
|
|
37 |
Further sub product |
EUAE |
|
|
38 |
Transaction type |
OTHR |
|
|
39 |
Final price type |
EXOF |
|
Example 3 – Reporting of option on a future on phase 4 emission allowance
|
RTS 23 Field number |
RTS 23 Field name |
Value |
Content to be reported[3] |
|
1 |
Instrument identification code |
{ISIN} of financial instrument |
|
|
2 |
Instrument full name |
XXX OPTION ON FUTURE - EEA |
|
|
3 |
Instrument classification |
|
|
|
4 |
Commodities or emission allowance derivative indicator |
Yes |
|
|
5 |
Issuer or operator of the trading venue identifier |
{LEI} of issuer |
|
|
6 |
Trading Venue |
Segment {MIC} of Trading Venue |
|
|
8 |
Request for admission to trading by issuer |
No |
|
|
11 |
Date of admission to trading or date of first trade |
10/04/2022 |
|
|
12 |
Termination date |
10/04/2023 |
|
|
13 |
Notional currency 1 |
EUR |
|
|
24 |
Expiry date |
10/04/2023 |
|
|
25 |
Price Multiplier |
1000 |
Lot size /contract size , e.g. for exchange traded derivatives, 1 lot corresponds to 1,000 allowances or 1,000 tCO2. EUAs |
|
26 |
Underlying Instrument code |
{ISIN} of the underlying future contract |
ISIN of the underlying future |
|
28 |
Underlying index name |
|
Optional |
|
29 |
Term of the underlying index |
|
Optional |
|
30 |
Option type |
‘PUTO’ |
|
|
31 |
Strike price |
90.00 |
Price at which the underlying is purchased or sold when the option is exercised |
|
31 |
Strike price currency |
‘EUR’ |
|
|
33 |
Option exercise style |
‘EURO’ |
|
|
34 |
Delivery type |
‘PHYS’ |
|
|
35 |
Base product |
ENVR |
|
|
36 |
Sub product |
EMIS |
|
|
37 |
Further sub product |
EUAE |
|
|
38 |
Transaction type |
OTHR |
|
|
39 |
Final price type |
EXOF |
|
[1] In case of further clarification of the description of the fields are needed these are provided in this column
[2] In case of further clarification of the description of the fields are needed these are provided in this column
[3] In case of further clarification of the description of the fields are needed these are provided in this column