ESMA Preps Financial Instruments Reference Data System Launch

The Financial Instrument Reference Data System (FIRDS) will go live on July 17, 2017.

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Article 27 of the Markets in Financial Instruments Regulation, Article 4 of MAR, and related technical standards require trading venues and systematic internalizers to submit reference data for financial instruments to national competent authorities (NCAs), who then transmit it to ESMA for publication on its website.

From July, operators of regulated markets and multilateral trading facilities, and investment firms will be able to use ESMA’s Financial Instrument Reference Data System (FIRDS) to