On Mar. 19, ICE FEU issued circular on modification to daily reporting.
The purpose of Circular 25/028 is to advise members ICE FEU will make a modification to daily files content it provides, detailing all transactions executed on a previous day.
Key Changes
Files provide data fields that are required by the transaction reporting requirements of MiFIR, and within the file, MiFIR requires that the financial instrument to be identified, and then ICE FEU will provide the instrument’s ISIN code in field 41, for its reporting.
When a transaction is reported with ISIN that has separately reported to the reporter’s regulatory authorities, there is no need to provide further details in the fields 42 to 56.
However, as UK is no longer in EU, UK financial instruments are not reported to those regulatory authorities and a party reporting a transaction in a UK financial instrument to a European regulator needs to provide further information in these additional fields.
To assist members who need this information, ICR FEU will start populating field 47 which holds underlying ISIN code where the transaction in question is in a Gilt Future.
Effectiveness
The changes as set out in the Circular will now all come into effect on May 30, 2025.
