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11 Jul 2022 [Answer 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":"2022-07-11","question_submitted_on":"2022-07-11","locators":{"published_on":"ESMA Q&A Excel export ESMA_QA_1506, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_1506, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/1506","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/mifir/level-3/q-and-a/esma/esma-qa-1506-reporting-of-emission-allowances.md","body_sha256":"4eb177cd27f9e64f9c34d693d42f7de05537785609fbf98127527d7421d28954"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 1506 — Q&A — Reporting of Emission Allowances [Answer Published]\"\nshortTitle: \"ESMA Q&A 1506 — Q&A — Reporting of Emission Allowances [Answer Published]\"\nanswer_id: ESMA_QA_1506\ntopic: \"ESMA70-1861941480-56 Questions and Answers on MiFIR reporting\"\nstatus: \"Answer Published\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: in_force\nregulation: \"MiFIR\"\nmifir_level3: true\nmica_level2: false\nlegal_basis: \"MiFIR\"\ndate: 11 July 2022\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/1506\nlifecycle: \"Answer Published\"\ntext_version: \"ESMA Q&A register, 11 July 2022\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/1506\"\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_1506: 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: \"2022-07-11\"\n  question_submitted_on: \"2022-07-11\"\n  locators:\n    published_on: \"ESMA Q&A Excel export ESMA_QA_1506, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_1506, column 'Date of submission'\"\nlifecycle_label: \"Answer Published\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · published 11 Jul 2022 [Answer Published]**\n\n*Answer Published · ESMA Q&A register, 11 July 2022 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1506)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 1506 — Q&A — Reporting of Emission Allowances \\[Answer Published\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_1506 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 11 July 2022; question submitted 11 July 2022 |\n| **Legal basis** | MiFIR |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Reporting of Emission Allowances**\n\n### Question\n\nHow should Trading Venues and SIs report emission allowances (i.e., European Union Allowances (EUAs) and European Union Aviation Allowances (EUAAs)) auctioned for the phase 4 of the EU Emission Trading System (ETS) (hereafter “phase 4 emission allowances” or derivatives thereof under MiFIR Article 27 and RTS 23?\n\n***\n\n### Answer\n\n\\[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 19.1\\]\n\nThe ISIN displayed on European Commission’s website to phase 4 emission allowances should be reported in FIRDS under RTS 23. Field 1 – Instrument identification code should be reported with ISIN EU000A2QMW50 for EU allowances and EU000A2QMW68 for EU aviation allowances. In case of derivatives having as underlying a phase 4 emission allowance, Field 26 – Underlying instrument code should be populated with EU000A2QMW50 for EU allowances and EU000A2QMW68 for EU aviation allowances. The table below clarifies the different reporting scenarios based on the type of emission allowance. The fields displayed in the tables are all RTS 23 fields that are applicable to emission allowances or derivatives thereof in the FIRDS CFI validation rules.\n\nExample 1 – Reporting of phase 4 EUA (spot)\n\nRTS 23 Field number\n\nRTS 23 Field name\n\nValue\n\nContent to be reported\\[1\\]\n\n1\n\nInstrument identification code\n\nEU000A2QMW50\n\nISIN displayed on the European Commission’s website.\n\n2\n\nInstrument full name\n\nEUA Allowance Units Phase 4\n\n3\n\nInstrument classification\n\nITNXXX\n\n4\n\nCommodities or emission allowance derivative indicator\n\nNo\n\n5\n\nIssuer or operator of the trading venue identifier\n\nLEI\n\nLEI of the regulated market appointed as an auction platform pursuant to COMMISSION REGULATION (EU) No 1031/2010’\n\n6\n\nTrading Venue\n\nSegment {MIC} of Trading Venue\n\n8\n\nRequest for admission to trading by issuer\n\nNo\n\n11\n\nDate of admission to trading or date of first trade\n\n10/04/2022\n\n12\n\nTermination date\n\n10/04/2024\n\n13\n\nNotional currency 1\n\nEUR\n\nExample 2 – Reporting of a future on phase 4 emission allowance\n\nRTS 23 Field number\n\nRTS 23 Field name\n\nValue\n\nContent to be reported\\[2\\]\n\n1\n\nInstrument identification code\n\n{ISIN} of financial instrument\n\n2\n\nInstrument full name\n\nXXX FUTURE ON EEA\n\n3\n\nInstrument classification\n\nFCNPSX\n\n4\n\nCommodities or emission allowance derivative indicator\n\nYes\n\n5\n\nIssuer or operator of the trading venue identifier\n\n{LEI} of issuer\n\n6\n\nTrading Venue\n\nSegment {MIC} of Trading Venue\n\n8\n\nRequest for admission to trading by issuer\n\nNo\n\n11\n\nDate of admission to trading or date of first trade\n\n10/04/2022\n\n12\n\nTermination date\n\n10/04/2023\n\n13\n\nNotional currency 1\n\nEUR\n\n24\n\nExpiry date\n\n10/04/2023\n\n25\n\nPrice Multiplier\n\n1000\n\nLot size /contract size , e.g. for exchange traded derivatives, 1 lot corresponds to 1,000 allowances or 1,000 tCO2. EUAs\n\n26\n\nUnderlying Instrument code\n\nEU000A2QMW50\n\nISIN displayed on the European Commission’s website.\n\n28\n\nUnderlying index name\n\nOptional\n\n29\n\nTerm of the underlying index\n\nOptional\n\n34\n\nDelivery type\n\n‘PHYS’\n\n35\n\nBase product\n\nENVR\n\n36\n\nSub product\n\nEMIS\n\n37\n\nFurther sub product\n\nEUAE\n\n38\n\nTransaction type\n\nOTHR\n\n39\n\nFinal price type\n\nEXOF\n\nExample 3 – Reporting of option on a future on phase 4 emission allowance\n\nRTS 23 Field number\n\nRTS 23 Field name\n\nValue\n\nContent to be reported\\[3\\]\n\n1\n\nInstrument identification code\n\n{ISIN} of financial instrument\n\n2\n\nInstrument full name\n\nXXX OPTION ON FUTURE - EEA\n\n3\n\nInstrument classification\n\nOPEFPS\n\n4\n\nCommodities or emission allowance derivative indicator\n\nYes\n\n5\n\nIssuer or operator of the trading venue identifier\n\n{LEI} of issuer\n\n6\n\nTrading Venue\n\nSegment {MIC} of Trading Venue\n\n8\n\nRequest for admission to trading by issuer\n\nNo\n\n11\n\nDate of admission to trading or date of first trade\n\n10/04/2022\n\n12\n\nTermination date\n\n10/04/2023\n\n13\n\nNotional currency 1\n\nEUR\n\n24\n\nExpiry date\n\n10/04/2023\n\n25\n\nPrice Multiplier\n\n1000\n\nLot size /contract size , e.g. for exchange traded derivatives, 1 lot corresponds to 1,000 allowances or 1,000 tCO2. EUAs\n\n26\n\nUnderlying Instrument code\n\n{ISIN} of the underlying future contract\n\nISIN of the underlying future\n\n28\n\nUnderlying index name\n\nOptional\n\n29\n\nTerm of the underlying index\n\nOptional\n\n30\n\nOption type\n\n‘PUTO’\n\n31\n\nStrike price\n\n90.00\n\nPrice at which the underlying is purchased or sold when the option is exercised\n\n31\n\nStrike price currency\n\n‘EUR’\n\n33\n\nOption exercise style\n\n‘EURO’\n\n34\n\nDelivery type\n\n‘PHYS’\n\n35\n\nBase product\n\nENVR\n\n36\n\nSub product\n\nEMIS\n\n37\n\nFurther sub product\n\nEUAE\n\n38\n\nTransaction type\n\nOTHR\n\n39\n\nFinal price type\n\nEXOF\n\n\\[1\\] In case of further clarification of the description of the fields are needed these are provided in this column\n\n\\[2\\] In case of further clarification of the description of the fields are needed these are provided in this column\n\n\\[3\\] In case of further clarification of the description of the fields are needed these are provided in this column\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1506)\n"}