Esma Launches Second Phase of Reference Database

Next phase of FIRDS gives market participants access to reference data needed to comply with Mifid II and Mar.

Esma
Esma wants a bigger role in developing EU databases

The launch gives market participants access to FIRDS, which provides them with the reference data necessary to identify instruments that are in scope for compliance with the revised Markets in Financial Instruments Directive (Mifid II) and the Market Abuse Regulation (Mar).

“The introduction of new data collection infrastructures like the Financial Instruments Reference Data System and the Access to Trade Repositories Project, luckily more easily referred to as FIRDS and Trace, will allow even

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