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EMIR: ESMA publishes amended RTS on access, aggregation and comparison of trade repositories data

15/04/2016 Clifford Chance

The European Securities and Markets Authority (ESMA) has published amended RTS on access, aggregation and comparison of data across trade repositories (TRs) under the European Market Infrastructure Regulation (EMIR). The amended RTS aim to provide a higher quality of data, enhance the access to data by authorities and allow for the comparability and aggregation of data across trade repositories.

 

Key amendments include:

 

  • standardised output format of the TR data;
     
  • standardised and secure data exchange between TRs and authorities;
     
  • standardised frequencies for the provision of direct and immediate access to TR data;
     
  • minimum types of queries that need to be available for the authorities; and
     
  • use of secure machine-to-machine connection and of data encryption protocols.