On January 13, the European Securities and Markets Authority (ESMA) published a briefing paper (Briefing Paper) summarizing technical data reporting requirements under the revised Markets in Financial Instruments Directive (MiFID II) and the associated Markets in Financial Instruments Regulation (MiFIR).

The Briefing Paper refers to the technical requirements and templates for data reporting, which ESMA published in October 2016 (four separate documents available here, here, here and here), and indicates the following dates for the start of data collection:

  • By July 2017: ESMA plans to start the collection of instrument reference data from trading venues and systematic internalizers (Article 4 of the Market Abuse Regulation and Article 27 of MiFIR).
  • By September 2017: ESMA plans to start the collection of data for transparency and double volume cap calculations from trading venues, approved publication arrangements, and consolidated tape providers (Article 22 of MiFIR).
  • By January 3, 2018: national competent authorities plan to start the collection of transaction data from investment firms (Article 26 of MiFIR).

ESMA’s Briefing Paper is available here.