MIFIR
Latest information on MIFIR Reporting
General Introduction
The MIFIR reporting obligations will come into force very soon. This page has been create to help you to find the right answers to your questions. If not otherwise indicated, Fundsquare has answered to those questions. Should we as a official transmission channel obtain information from the regulatory body, we will indicate this accordingly.
Useful documentation
- The communciation of the CSSF on this topic provides already a good overview on the different topics of interest and contains many useful links.
- The of additional documents on this topic on the website CSSF provides further insight.
Frequently asked Questions
As an official transmission channel to this reporting type, we will list all the questions we have obtained from our clients and the information we are able to provide either based on the available information or as the CSSF has provided us with a feedback (where indicated)
| Question | Fundsquare's statement | |
| Required file format | XML file according to ESMA's specifications | |
| Maximum file size | The regulator currently fixed the limit to 60MB per file, but this is subject to change | |
| Maximum records per file | no limit is known for the moment, the file size is the sole known limit | |
| File naming convention | Under validation, it is currently not known if the CSSF will require a specific naming convention otherwise the naming convention defined by the ESMA will have to be applied | |
| Header Information | The information can be found on page 41 of this document | |
| Business message identifier details | The information can be found on page 41 of this document | |
| File feedback message details | The information can be found on page 27 of this document | |
| Does the feedback message will contain personal information | The file will contain trasnaction information as per XSD | |
| Limits to the number of submissions each day | The file must contain all transactions of the day. | |
| Submission cut-off time | All transactions of a given day must be provided in the file of a given day | |
| How is the transmission of the file to the authority organized? | Fundsquare expects its clients to use the sending service to perform the submission of this reporting. It is directly transmitted to the authority once the sending service has handled the file. |