ESMA_QA_2203

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/2203

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Regulatory Context

Regulation : EMIR

Level 1 Regulation: European Market Infrastructure Regulation (EMIR) Regulation (EU) No 648/2012- MDP

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: * EMIR Reporting

Subject Matter: Reporting of price field at position level

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Question

Submission Date: 27 May 2024

Should the price field at position level be amended following a change in the notional amount?

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ESMA Answer

Answer Date: 24-05-2024

No, counterparties should not update the price field at position level after it is reported initially (i.e., with action type ‘new’). The price field at position level should reflect the price of the position when it is first reported.  

In particular, in cases where the notional of the position varies (increase/decrease) overtime due to factors such as, the inclusion of new trades into the position or the termination of trades included in that position, the price field should not be updated.

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This document was automatically extracted from the ESMA EMIR Q&A database.