ESMA_QA_2203
Status: ✅ Answer Published
Regulatory Context
Level 1 Regulation: European Market Infrastructure Regulation (EMIR) Regulation (EU) No 648/2012- MDP
Topic: EMIR Reporting
Subject Matter: Reporting of price field at position level
Question
Submission Date: 27-05-2024
Should the price field at position level be amended following a change in the notional amount?
24-05-2024
Original language
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.
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.
This document was automatically extracted from the ESMA EMIR Q&A database.