ESMA updated EMIR validation rules table
On 10 September 2020 ESMA has published an updated table with EMIR validation rules. The updates are applicable from 8 March 2021.
Field Reporting Timestamp – updated rule “The reporting timestamp should be equal or later than the execution timestamp reported in the field 2.25. The reporting timestamp should be equal or later than 2014-02-12. ”
Field Valuation timestamp – updated rule “The valuation timestaamp should be equal or later than 2014-02-12.”
Field Initial margin posted is conditional. If field 1.21 (Collateralisation) is populated with “OC” or “FC”, this field shall be populated. If field 1.21 (Collateralisation) is populated with “U” or “PC”, this field shall be left blank. After 8 March 2021 the field Initial margin posted will no longer be optional.
Field Variation margin posted is conditional. If field 1.21 (Collateralisation) is populated with “PC”, “OC” or “FC”, one of the fields 1.26 (Variation margin posted) or 1.30 (Variation margin received) shall be populated (with a positive value or zero) while the other field shall be left blank or populated with zero. If field 1.21 (Collateralisation) is populated with “U”, this field shall be left blank.
Field Maturity date – updated rule “The maturity date should be equal or later than 2014-02-12.”
Field Settlement date – updated rule “The settlement date should be equal or later than 2014-02-12.”
Field Maturity date of the underlying – updated rule “The maturity date of the underlying should be equal or later than 2014-02-12”
For more information please feel free to contact us at office@emirreporting.eu.