According to Article 25(3) of the Markets in Financial Instruments Directive (MiFID) , investment firms shall report details of transactions executed in financial instruments admitted to trading on a regulated market to their competent authorities.
The aim of this call for evidence is to seek interested parties’ views on which classification and identification standards should be used for OTC derivative instruments.
At this stage, CESR is mainly interested in the scope of instruments that are
currently reported in the Member States that have used Recital 45 of MiFID to
extend the scope of transaction reporting. Therefore, this call for evidence is
focused on OTC derivatives where the underlying instruments are securities
admitted to trading on regulated markets in the EEA. The types of instrument
currently collected are, for example contracts for difference, spread bets,
credit default swaps, equity swaps, options, futures, warrants, etc.