Page 41 - 期货和衍生品行业监管动态（2025年6月）

期货和衍生品行业监管动态

transaction reporting framework, which we know constitutes a significant cost for

market participants. ESMA is launching today a call for evidence to identify ways to

rationalise data flows, harmonise processes and eliminate duplicative or inconsistent

requirements.

The time is right to look at reporting frameworks in a more comprehensive

manner and present options to achieve simplification and burden reduction. The goal

is to reduce complexity and costs for stakeholders while enhancing data quality,

sharing and usability. Your input is important – please engage with ESMA to help us

identify the changes needed to move forward.”

The call for evidence highlights some of the issues previously raised by market

participants in their responses to consultations and interactions with regulators. These

issues include the overlapping obligations across different reporting regimes (MiFIR,

EMIR, SFTR, etc.), the duplicative reporting channels, and the burdens created by

frequent and unsynchronised regulatory changes.

Considering this feedback, the document presents two options for simplification,

on which ESMA would welcome input:

1.eliminating overlaps without any change to the current reporting channels; or

2.creating a unified reporting template based on the ‘report once’ principle to

replace multiple reporting frameworks.

While the consultation and the analysis of the feedback received is conducted,

ESMA will not propose changes to the existing reporting frameworks on transaction

reports (RTS 22), order data (RTS 24) and reference data (RTS 23) under the ongoing

MiFIR Review. ESMA is instead publishing final reports summarising the feedback

received from market participants to the consultations on the review of MIFIR

transaction, order book and reference data reporting.

Putting on hold the RTS changes will allow market participants to freeze their

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