On May 7, GE DBoerse issued RRS 1.7, for participants outside mifir.
GE DBoerse published Circular 020/2025 MiFID II/MiFIR, regulatory reporting solution (RRS) release 1.7 on information for trading participants outside the scope of MiFIR.
Overview
With RRS Release 1.7, incomplete mandatory fields (buyer, seller, as well as execution responsible, investment decision) will be flagged with a final missing status in BKU file.
Applies to transactions where Non-MiFIR Trading Participant fail to provide the required information via Upload File (TVUPL) during a daily enrichment and correction process.
The known limitations list for RRS Release 1.7 is available on the Xtra website here.
A dedicated release simulation environment will be provided to give non-MiFiR Trading Participants the opportunity to perform comprehensive testing of trading applications.
Simulation environment will be available for testing, May 12, 2025 until further notice.
Required Action
All of the non-MiFIR Trading Participants are requested to initiate the preparatory steps to ensure readiness for the RRS Release 1.7 applicable on Jun. 30, 2025, as necessary.
Recommended testing scenarios will be provided in the Simulation Participation guide which will be available before the Simulation start on the website mentioned above.
Effectiveness
Simulation start date is May 12, 2025, and the production start date is Jun. 30, 2025.
Regulators
GE DBoerse
Entity Types
B/D; Corp; Depo; Exch
Reference
RRS V1.7, Cir 020/2025, 5/7/2025; MIFID/MIFIR Dir 2014/65, Reg 600/2014;
