The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today launched two consultations on transaction reporting and order book data under the Markets in Financial Instruments Regulation (MiFIR) Review.

ESMA is seeking input on the amendments to the regulatory technical standards (RTS) for the reporting of transactions and to the RTS for the maintenance of data relating to orders in financial instruments.

These RTS are relevant to enhance the information available to stakeholders by improving, simplifying and further harmonising data reporting requirements. The implementation of the revised standards should also result in an overall reduction of the reporting burden for market participants that are subject to different reporting regimes.

The consultations are aimed at Market Participants, Trading Venues, and Investment Firms National Competent Authorities (NCA’s).