On April 1, 2015, the European Securities and Markets Authority announced the launch of two centalized data projects relating to obligations under the European Market Infrastructure Regulation, the Markets in Financial Instruments Regulation and the Market Abuse Regulation.
The projects are:
- The Instrument Reference Data Project which will provide a central facility for instrument and trading data and the calculation of transparency and liquidity thresholds. This facility is expected to go live in early 2017.
- The Trade Repositories Project which will provide a single access point to trade repository data under EMIR. This data facility is expected to go live in 2016.
ESMA has agreed to develop the centralized data solutions following requests from EU national regulators. The projects will allow ESMA to collect data directly from trading venues and trade repositories and make that data publicly available through a centralized system.
ESMA's announcement is available at: http://www.esma.europa.eu/news/ESMA-launches-centralised-data-projects-MiFIR-and-EMIR?t=326&o=home.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.