New Manual on post-trade transparency available

ESMA has published a Manual on post-trade transparency, which serves as a user-friendly tool to provide guidance on how to apply the relevant MiFIR obligations consistently. The Manual aims to bring clarity to the large scope of instruments covered under MiFIR and the complexity of the system.
The key areas covered in the Manual are as follows:
– Instruments and transactions subject to post-trade transparency.
– Reporting and publishing post-trade transparency information.
– Timing of post-trade information publication: real-time vs. deferred.
– Types of post-trade information to be made public: reporting fields and flags.
– Comparison between post-trade transparency regime and transparency calculations regarding the scope of instruments and transactions.
The Manual is part of a package that also includes the Final Report on the public consultation on additional Level 3 guidance, an updated version of the CFI code-MiFIR identifier mapping, a clarified classification of bonds issued by certain public bodies, and an updated Q&A document on MiFID II and MiFIR transparency topics (October 2023).
The manual will be updated regularly, including after the revision of MiFIR and the relevant Level 2 provisions.
The Manual’s purpose is to promote common supervisory approaches and practices and provide assistance to competent authorities and market participants in implementing the post-trade transparency requirements specified in MiFIR. It does not intend to provide legal interpretations or contain supervisory elements.