ESMA is addressing concerns over the poor quality of data collected by setting-up new validation rules.
The new rules’ objective is to enhance significantly the level of transaction reconciliation rate, specifically between trade repositories.
The new requirements concern primarily the standard use of LEIs and UTIs, and additional validations and mandatory fields
These new rules will come into force on December 1st, 2014
The GRC process was adapted quickly Download Showbox to comply to these new rules and this is delivered seamlessly to our customers.