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FIA draft Q&As on position reporting submitted to ESMA

FIA draft Q&As on position reporting submitted to ESMA

13 March 2017 3:00pm EDT

Following a joint FIA/EFET/GFMA/ISDA letter to ESMA in December 2016, the trade associations jointly submitted draft Q&As to ESMA on position reporting under Art. 58 of MiFID II. Reflecting our positions in the December letter, the draft Q&As propose a definition of end-client, clarify how positions of clients and clients of those clients should be reported and make suggestions how duplicative reporting could be avoided. 

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