1.  Introduction

With this circular, Frankfurter Wertpapierbörse (FWB^®, the Frankfurt Stock Exchange) informs about the Client Convenient Solution (CCS) alongside Regulatory Reporting Solution (RRS) Release 2.0 (RRS Release 2.0), aimed at easing transaction reporting efforts for all Trading Participants not subject to MiFIR ("Non-MiFIR Trading Participants").

With the introduction of CCS alongside RRS Release 2.0 effective 16 March 2026 mandatory and optional enhancements will be implemented to the existing RRS and Short Code Long Code (SCLC) Business Service Application. 

The mandatory enhancements must be implemented and include: 

• the new XML Schema Definitions (XSDs) for reports TR160 and TR161 that will be introduced with T7 Release 14.0 on 10 November 2025, 
• the new Short Code upload Files, and
• the dedicated non-MiFIR, newly created upload channel via the SCLC Business Service (CUE service) EXTREFNM. 

Non-MiFIR Trading Participants are provided the opportunity, through optional enhancements, to create one-off registrations for SCLC combinations including personal identification data (First Name, Surname, Date of Birth). Once validly registered, these combinations will be retrieved automatically for transaction reporting as long as their validity remains intact.

MiFIR Trading Participants must only adapt to the new XSDs that will be introduced with T7 Release 14.0 on 10 November 2025; no further changes are expected of them.

Simulation start: 1 December 2025 
Production start: 16 March 2026

Further information about the CCS RRS Release 2.0 can be found on the Xetra website www.xetra.com under the following link:

Newsroom > Current regulatory topics > MiFID II and MiFIR > Non-MiFIR firms

2.  Required action

Non-MiFIR Trading Participants are requested to initiate preparatory steps to ensure readiness for the introduction of CCS with RRS Release 2.0 on 16 March 2026. Recommended testing scenarios will be provided in the “Simulation Participation Guide”, which is available on the website mentioned above.

MiFIR Trading Participants must only adapt to the new XSDs that have been introduced with T7 Release 14.0; no further changes are expected of them.

3.  Details of the initiative

A. Availability of simulation environment

The dedicated simulation phase will be conducted within the regular T7 simulation environment allowing the impacted Trading Participants the opportunity to comprehensively test their trading applications, independent of the RRS production environment. The simulation environment will be available for testing from 1 December 2025 until further notice.

B. Overview of functional enhancements

For non-MiFIR Trading Participants, the CCS RRS Release 2.0 will bring both mandatory and optional enhancements to their transaction reporting. 

The mandatory enhancements will include adoption of the new XSDs for TR160 and TR161 reports that will be introduced withT7 Release 14.0, new Short Code upload File format with the usage of the new upload channel via the Common Upload Engine (CUE) service EXTREFNM.

The new SCLC upload file will support the inclusion of buyer/seller personal identification data (First Name, Surname, Date of Birth). The provision of personal identification data via the SCLC upload file is optional. 

Non-MiFIR Trading Participants may alternatively submit buyer/seller details via the RRS solution as of today. To ensure data consistency and accuracy, participants are advised to select one method of data provision.

The enriched SCLC combinations may be registered, modified or deleted either via the SCLC upload or GUI until the end of trading day T (23:30 CET/CEST), or via both the SCLC solution and RRS until T+1, 18:00 CET/CEST.

For backup enrichment and reporting purposes, the legally binding status of submitted data will be determined at 23:30 CET/CEST on T and 18:00 CET/CEST on T+1.

In addition, the CUE will be enhanced to differentiate between MiFIR and non-MiFIR Trading Participants during upload, enabling separate processing of their data. Unauthorized use of this service by MiFIR entities will lead to file rejection with a dedicated error code.

MiFIR Trading Participants must only adapt to the new XSDs that have been introduced with the T7 Release 14.0; no further changes are expected of them.

Please find an overview of the upcoming changes for the CCS RRS Release 2.0 in the table below: 
 

If you have questions regarding the above, please contact us at mifid.reporting@deutsche-boerse.com.

Further information