Q&A · ESMA

Transaction reporting

Answered

Read the official text on the ESMA website(opens in a new tab)

AI-generated Summary

A firm using another investment firm's execution algorithm reports as if it had sent the order to that firm, entering in field 59 of RTS 22 only its own person or algorithm responsible; this is the same if the algorithm provider is not a MiFID firm, and an algorithm provider that uses the first firm's membership is itself executing and must report.

Details

Reference	ESMA_QA_1511
Issuer	ESMA
Published	28 Sept 2020
Answered	28 Sept 2020
Submitted	28 Sept 2020
ESMA topics	Transaction reporting
Former reference	ESMA70-1861941480-56 Questions and Answers on MiFIR reporting

Provisions it relates to

Article 26 MiFIR · Obligation to report transactions
MiFIR
Explicit reference · 90%
MiFIR (whole act)
Explicit reference

Documents it refers to

RTSIn forceExplicit reference · 90%
Commission Delegated Regulation (EU) 2017/590 of 28 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS 22 on transaction reporting under Article 26 MiFIR: defines a reportable transaction and its execution, the conditions for transmitting orders instead of reporting, identification of firms, clients, decision makers and the persons or algorithms responsible for investment and execution decisions, flags for waivers and short sales, branch reporting and the most relevant market in terms of liquidity, with the reporting fields in its annex.