ESMA launches centralised data projects for MiFIR and EMIR, ESMA, 01/04/2015

The European Securities and Markets Authority (ESMA) has launched two major projects at the request of a number of National Competent Authorities (NCAs) who have delegated the following tasks to ESMA:

·         to provide a central facility in relation to instrument and trading data and the calculation of the MiFIR transparency and liquidity thresholds – Instrument Reference Data Project, and

·         to provide a single access point to trade repositories data under – the Trade Repositories Project.

In agreeing that ESMA will develop these centralised solutions, NCAs have delegated some tasks related to data collection requirements under MiFIR and the Market Abuse Directive (MAR) to ESMA, as well as the creation of a central access point for to data of the EU’s six trade repositories. Both projects will allow ESMA to collect data directly from market infrastructures (trading venues or trade repositories) in a more efficient and harmonised manner and make them available to NCAs and to the public through a centralised system.

The Instrument Reference Data Project will collect data directly from approximately 300 trading venues across the EU which will send their MiFIR/MAR data to ESMA which will then perform and publish the necessary transparency and liquidity threshold calculations. Once finalised, the database will allow NCAs, and financial market participants, access to all data for financial instruments admitted to trading on EU regulated markets or traded on MiFID venues (OTFs and MTFs).


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