MiFID II/MiFIR: Regulatory Reporting Solution (RRS) Release 1.2: Information for Trading Participants outside the scope of MiFIR

Release date: 19 Jan 2024

004/2024 MiFID II/MiFIR: Regulatory Reporting Solution (RRS) Release 1.2: Information for Trading Participants outside the scope of MiFIR Xetra Circular 004/24 MiFID II/MiFIR: Regulatory Reporting Solution (RRS) Release 1.2: Information for Trading Participants outside the scope of MiFIR

1. Introduction  

With this circular, Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) informs about technical RRS Release 1.2 affecting all Trading Participants outside the scope of the MiFIR regulation (“non-MiFIR Trading Participants”). The launch of RRS Release 1.2 will become effective as of 27 January 2024 and has the following impact:

  • Solving of 14 “Non-MiFIR reporting known limitations” to improve the daily upload process for trading data enrichments or corrections 
  • Temporary deactivation of the upload functionality for historical data enrichments and corrections (historical upload functionality) in the Common Upload Engine (“CUE”) 
  • Furthermore, we herewith advise about a potential delay of the daily trading venue extract for trading day 26 January 2024 resulting in reduced enrichment and correction time for the non-MiFIR Trading Participants.  

Production start: 27 January 2024

2.   Required action

If required, non-MiFIR Trading Participants are requested to adjust their processes for the handling of the potentially late availability of the trading venue extracts for trading day 26 January 2024 and to enrich or correct the trading data by Monday, 29 January 2024, 18:00 CET.

3.   Details 

A. Solving of 14 “Non-MiFIR reporting known limitations” to improve the daily upload process for trading data enrichments or corrections

14 known limitations concerning the daily upload functionality (stated as “Fix Release PROD - R 1.2” in the “Non-MiFIR reporting known limitations” list) will be solved to improve the daily upload process. The known limitations list is available on the Xetra website www.xetra.com under the following path:

Newsroom > Current regulatory topics > MiFID II and MiFIR > Non-MiFIR firms > Non-MiFIR reporting known limitations.

B. Temporary deactivation of the upload functionality for historical data enrichments and corrections (historical upload functionality) in the Common Upload Engine

RRS Release 1.2 will deactivate the historical upload functionality within the CUE until further notice. Historical uploads are referring to data enrichments or corrections after T+1, 18:00 CET. Non-MiFIR Trading Participants will be informed once the historical upload functionality is available again. 

As RRS Release 1.2 is a technical release, there is no testing via Simulation environment required. 

C. Potential delay of the daily trading venue extract and resulting reduced enrichment and correction time for trading day 26 January 2024

Due to the production start on Saturday, 27 January 2024, the trading venue extract files might not be available on Saturday, 27 January 2024 as usual. The trading venue extracts will be provided latest by Monday, 29 January 2024, 10:00 CET via Common Report Engine (“CRE”). Non-MiFIR Trading Participants who are registered for the non-MiFIR TVR mailing list will be informed via TVR@deutsche-boerse.com once the extracts for trading day 26 January 2024 are available. Please refrain from data enrichments or corrections before the extract has been provided.


If you have any further questions, please do not hesitate to contact TVR@deutsche-boerse.com.


Further information

Recipients:

All Xetra® and Börse Frankfurt Trading Participants and Vendors

Target groups:

Traders, Technical Contacts, Security Administration, System Administration, Nominated Persons, General

Contact:

Trade Venue Regulation TVR@deutsche-boerse.com;
Your Key Account Manager or client.services@deutsche-boerse.com

Web:

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

Authorised by:

Melanie Dannheimer, Melissa Richter (on behalf of the Management Board)