Last Updated on June 3, 2025 by Arnaud Collignon
Understanding the MiFIR Transaction Reporting Issue
The Commission de Surveillance du Secteur Financier (CSSF) has issued an important notification regarding errors in transaction reporting under the Markets in Financial Instruments Regulation (MiFIR). This document aims to clarify the nature of these errors and the necessary steps for rectification.
Key Points of the Notification
- Identification of Errors: The CSSF has identified specific errors that may occur during the transaction reporting process.
- Impact on Reporting Entities: These errors can affect the accuracy of transaction data submitted by firms.
- Rectification Process: The CSSF outlines the steps that firms must take to correct these errors promptly.
Steps for Rectification
Firms are advised to follow these steps to address the identified issues:
- Review the transaction reports submitted to ensure accuracy.
- Identify any discrepancies or errors as highlighted by the CSSF.
- Submit corrected reports to the CSSF as soon as possible.
Further Guidance
For detailed guidance and to ensure compliance, firms should refer to the official documentation provided by the CSSF. It is crucial to stay informed about any updates or changes in the reporting requirements.
External Links
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