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Published]","attribution":{"prepared_by":"ESMA","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_answer","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"published_on":"2022-12-16","question_submitted_on":"2022-12-16","locators":{"published_on":"ESMA Q&A Excel export ESMA_QA_785, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_785, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/785","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/dlt-pilot/level-3/q-and-a/esma/esma-qa-785-transaction-reporting.md","body_sha256":"cafd76922d819f9b5b5d08de33eac776e3bd8171034d7d88fc7bda7d026f1a73"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 785 — Q&A — Transaction reporting [Answer Published]\"\nshortTitle: \"ESMA Q&A 785 — Q&A — Transaction reporting [Answer Published]\"\nanswer_id: ESMA_QA_785\ntopic: \"DLT Pilot Regime\"\nstatus: \"Answer Published\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: in_force\nregulation: \"DLT Pilot\"\ndlt_level3: true\nmica_level2: false\nlegal_basis: \"MiFID RTS 22\"\ndate: 16 December 2022\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/785\nlifecycle: \"Answer Published\"\ntext_version: \"ESMA Q&A register, 16 December 2022\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/785\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"ESMA\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA Answer\"\n    locator: \"ESMA Q&A entry ESMA_QA_785: field 'ESMA Answer', no 'Answer provided by' line\"\ndocument_type: \"qa_answer\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  published_on: \"2022-12-16\"\n  question_submitted_on: \"2022-12-16\"\n  locators:\n    published_on: \"ESMA Q&A Excel export ESMA_QA_785, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_785, column 'Date of submission'\"\nlifecycle_label: \"Answer Published\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · published 16 Dec 2022 [Answer Published]**\n\n*Answer Published · ESMA Q&A register, 16 December 2022 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/785)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 785 — Q&A — Transaction reporting \\[Answer Published\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_785 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 16 December 2022; question submitted 16 December 2022 |\n| **Legal basis** | MiFID RTS 22 |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Transaction reporting**\n\n### Question\n\nAccording to Article 26(5) of MiFIR, TVs shall report on behalf of firms that are not subject to the transaction reporting regime. In a DLT MTF or TSS operating under the DLT Pilot regime, the DLT MTF or DLT TSS may admit natural persons as members executing transactions. How should DLT MTFs or DLT TSS report on behalf of natural persons that are not subject to Article 26 of MiFIR?\n\n***\n\n### Answer\n\n\\[DLT Transaction reporting Q&A 6\\]\n\nIn case the reporting exemption\\[1\\] is granted by the NCA to the DLT MTF/TSS in the context of the DLTR, NCAs can request the DLT MTF/TSS to provide the access to all relevant data concerning natural persons executing transactions.\n\nNCAs should request as a compensatory measure that DLT MTFs/TSSs provide the relevant regulatory information through an adapted version of RTS 22. The adapted RTS 22 template would require DLT MTFs/TSSs to populate its LEI in Field 4 “Executing entity identification code” and, given that natural persons are expected to always trade on own account on these platforms, the template would require the National ID\\[2\\] of the natural person executing the transaction to be populated in the respective Field 7 “Buyer identification code” and/or Field 16 “Seller identification code” as described in the tables below\\[3\\].\n\n#\n\nField\n\nValues\n\nExample 1\n\n4\n\nExecuting entity identification code\n\n{LEI} of the DLT MTF/TSS\n\n5\n\nInvestment Firm covered by Directive 2014/65/EU\n\nTRUE\n\n6\n\nSubmitting entity identification code\n\n{LEI} of the DLT MTF/TSS\n\n7\n\nBuyer identification code\n\n{National\\_ID} of the natural person\n\n9\n\nBuyer – first name\n\n{ALPHANUM-140}\n\n10\n\nBuyer – surname\n\n{ALPHANUM-140}\n\n11\n\nBuyer – date of birth\n\n{DATEFORMAT}\n\n16\n\nSeller identification code\n\n{MIC} of DLT MTF/TSS\n\n29\n\nTrading capacity\n\n’AOTC’\n\n59\n\nExecution within the firm\n\n‘NORE’\n\nExample 2\n\n4\n\nExecuting entity identification code\n\n{LEI} of the DLT MTF\n\n5\n\nInvestment Firm covered by Directive 2014/65/EU\n\nTRUE\n\n6\n\nSubmitting entity identification code\n\n{LEI} of the DLT MTF/TSS\n\n7\n\nBuyer identification code\n\n{MIC} of DLT MTF\n\n16\n\nSeller identification code\n\n{National ID} of the natural person\n\n18\n\nSeller – first name\n\n{ALPHANUM-140}\n\n19\n\nSeller – surname\n\n{ALPHANUM-140}\n\n20\n\nSeller – date of birth\n\n{DATEFORMAT}\n\n29\n\nTrading capacity\n\n’AOTC’\n\n59\n\nExecution within the firm\n\n‘NORE’\n\n\\[1\\] ESMA Report on DLT Pilot regime. Paras 141: ESMA considers that while private individuals will not be subject to transaction reporting, a legal gap remains due to the fact that MiFIR Article 26(5) imposes an obligation on Trading Venues to report transactions on behalf of “firms” and not “natural persons”. A solution to address this gap would be for NCAs to grant the reporting exemption and request DLT MTFs to give access to all relevant data concerning natural persons executing transactions as a compensatory measure in exchange for the exemption.\n\n\\[2\\] The concept of National ID in the transaction reporting regime is defined by RTS 22 Article 6. Annex II in RTS 22 provides the national client identifiers for natural persons to be used in transaction reports.\n\n\\[3\\] ESMA Report on DLT Pilot regime. Paras 161: “a more robust solution to address this information gap that would not imply system changes affecting the whole market would be for NCAs to grant the reporting exemption and request DLT MTFs to give access to an adapted version of the RTS 22 template which would allow for the LEI of the DLT MTF to be included in the executing entity field while the IDs of natural persons would be populated in the respective buyer/seller fields as a compensatory measure in exchange for the reporting exemption.\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/785)\n"}