The European Securities and Markets Authority (ESMA) has published today an update of its Questions and Answers (Q&A) document regarding the implementation of the European Market Infrastructure Regulation (EMIR).
The updated document includes a new Q&A regarding the population of the “Clearing obligation” field in the trade reports. In particular, this Q&A explains how the description of the field should be interpreted, how it should be populated during the front loading period and how long the counter-parties are allowed to report value “X” (standing for “not available”).
The ESMA statement together with the full Q&A can be found here.