MiFID2: ITS on format and timing of weekly position reports published in Official Journal

A Commission Implementing Regulation (2017/953) laying down implementing technical standards (ITS) on the format and timing of position reports by investment firms and market operators of trading venues under MiFID2 has been published in the Official Journal.

In particular the ITS set out reporting deadlines for reports by market operators and investment firms showing the aggregate number of persons holding commodity derivative, emission allowance and derivative contracts and the total open position for each commodity derivative, emission allowance and derivative thereof which exceeds the thresholds specified in RTS 21 (Commission Delegated Regulation 2017/591).

The ITS will enter into force on 27 June 2017 and will apply from 3 January 2018.