ESMA_QA_1535

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1535

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Regulatory Context

Regulation : MIF2

Level 1 Regulation: Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Position reporting

Subject Matter: Position reporting

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Question

Submission Date: 13 November 2017

Do end-of-day zero positions need to be reported?

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ESMA Answer

Answer Date: 13-11-2017

[ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 4.13] Article 58(2) of MiFID II provides for the reporting, at least on a daily basis, of a complete breakdown of the positions. End of day zero positions do not need to be reported to the NCA unless the firm showed a positive or negative position in the previous report. In that case, the first time the open position is reduced to zero, a zero position should be reported to the NCA.

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