ESMA_QA_1703

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1703

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Regulatory Context

Regulation : MIFIR

Level 1 Regulation: Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: * Transaction reporting

Subject Matter: Transaction reporting

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Question

Submission Date: 07 July 2017

Could there be circumstances where the buyer and seller in a transaction report made under Article 26 of MiFIR are the same?

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ESMA Answer

Answer Date: 07-07-2017

[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 24.3] Yes, where a firm or investment firm, Firm A, instructs an investment firm, Firm B, to make a simultaneous buy and sell for its clients but Firm A has not complied with the conditions for transmission under article 4 of Commission Delegated Regulation (EU) 2017/590. If Firm B executes these transactions outside a trading venue then it should report the ISO 17442 LEI of Firm A in the buyer and seller fields in its transaction reports.

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