Q&A · ESMA

Reporting of accumulator contracts

Answered

Read the official text on the ESMA website(opens in a new tab)

AI-generated Summary

Accumulators are reported as forwards or options, depending on any option features; the individual settlement trades are not reported but hedging trades with third parties are, and ESMA sets out how each RTS 22 field should be completed for the accumulator itself.

Details

Reference	ESMA_QA_2204
Issuer	ESMA
Published	24 May 2024
Answered	24 May 2024
Submitted	27 May 2024
ESMA topics	Transaction reporting

Provisions it relates to

Article 26 MiFIR · Obligation to report transactions
MiFIR
Inferred · 90%
MiFIR (whole act)
Explicit reference

Documents it refers to

RTSIn forceExplicit reference
Commission Delegated Regulation (EU) 2017/590 of 28 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS 22 on transaction reporting under Article 26 MiFIR: defines a reportable transaction and its execution, the conditions for transmitting orders instead of reporting, identification of firms, clients, decision makers and the persons or algorithms responsible for investment and execution decisions, flags for waivers and short sales, branch reporting and the most relevant market in terms of liquidity, with the reporting fields in its annex.