On May 7, Eurex issued release 1.7, non-MiFIR trading participants.
Eurex published circular 040/2025 MiFID II/MiFIR, regulatory reporting solution (RRS) release 1.4 on information for trading participants outside the scope of MiFIR.
Follows Eurex Oct. 2024 issued R. 1.4, non-MiFIR trading participants, see #230534.
Overview
RRS Release 1.7 brings changes to handling of Backup Enrichment File (BKU) and an automated derivation of Commodity Derivative Indicator (Field 64) from T7.
Non-MiFIR Trading Participants are requested to initiate preparatory steps to ensure readiness for RRS Release 1.7; recommended testing scenarios will be provided in the Simulation Participation guide, available before the simulation starts, here.
Functional Enhancements
With RRS Release 1.7, incomplete mandatory fields (buyer, seller, execution responsible, investment decision) will be flagged with a final missing status in BKU file.
This status will apply to transactions where a Non-MiFIR Trading Participant fails to provide the required information via a valid Upload File (TVUPL) during the daily enrichment and correction process by the T+1, 18:00 CE(S)T deadline.
Also, as of RRS Release 1.7, Eurex Trading Participants will see automated mapping of the Commodity Derivative Indicator (Field 64) using executed trade order data.
TVUPL uploads for this field will no longer be accepted by RRS.
From Jun. 30, all Non-MiFIR trading participants must use OrderAttributeRiskReduction field (ETI 23003) in T7 to indicate hedging status for all commodity derivative orders.
The known limitations list for RRS Release 1.7 is available on the Eurex website here.
Effectiveness
Simulation start date is May 12, 2025; production start date is Jun. 30, 2025.
Regulators
Eurex
Entity Types
B/D; Corp; Depo; Exch
Reference
Cir 040/2025, 5/7/2025; MIFID/MIFIR Dir 2014/65, Reg 600/2014
