{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2017-04-03","gaps":[],"covered":["ESMA Q&A 1702 — Q&A — Transaction reporting [Answer Published] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting","url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting","title":"ESMA Q&A 1702 — Q&A — Transaction reporting [Answer Published]","family":"l3","work_id":"spaces/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting","status":"answer published","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"ESMA Q&A register, 3 April 2017","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/1702","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"a7a3c748ab51246c","change_date":null,"nearest_versions":["2017-04-03"],"first_text_date":null,"correction_applies":false,"versions":["2017-04-03"],"version_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting/versions/2017-04-03","revision_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting/versions/2017-04-03/rev/a7a3c748ab51246c","versions_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting/versions","relations_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting/relations","source_line":"Answer by ESMA, published in its Q&A tool · not legislation · published 3 Apr 2017 [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":"2017-04-03","question_submitted_on":"2017-04-03","locators":{"published_on":"ESMA Q&A Excel export ESMA_QA_1702, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_1702, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/1702","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/mifir/level-3/q-and-a/esma/esma-qa-1702-transaction-reporting.md","body_sha256":"bb9ccb463f3e054bda98507b42a3a7a3cc7250a01911bc178e9e2550ab061c12"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 1702 — Q&A — Transaction reporting [Answer Published]\"\nshortTitle: \"ESMA Q&A 1702 — Q&A — Transaction reporting [Answer Published]\"\nanswer_id: ESMA_QA_1702\ntopic: \"* Transaction 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: 3 April 2017\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/1702\nlifecycle: \"Answer Published\"\ntext_version: \"ESMA Q&A register, 3 April 2017\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/1702\"\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_1702: 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: \"2017-04-03\"\n  question_submitted_on: \"2017-04-03\"\n  locators:\n    published_on: \"ESMA Q&A Excel export ESMA_QA_1702, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_1702, column 'Date of submission'\"\nlifecycle_label: \"Answer Published\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · published 3 Apr 2017 [Answer Published]**\n\n*Answer Published · ESMA Q&A register, 3 April 2017 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1702)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 1702 — Q&A — Transaction reporting \\[Answer Published\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_1702 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 3 April 2017; question submitted 3 April 2017 |\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**Transaction reporting**\n\n### Question\n\nWhere the price of a transaction is not available at the time of execution (e.g. the NAV for certain ETFs), how can investment firms fulfil their post-trade transparency obligations under Articles 20 and 21 of MiFIR and their transaction reporting obligations under Article 26 of MiFIR for those transactions?\n\n***\n\n### Answer\n\n\\[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 24.1\\]\n\nIf the price of a transaction is not available at the time of execution, investment firms should fulfil the applicable reporting obligations using ‘PNDG’ as price, specified in the field ‘Price’ of table 3 of Annex I of RTS 1, table 2 of Annex II of RTS 2 and/or field 33 of table 2 of Annex I of RTS 22. As soon as the price of the transactions (including the NAV in the particular case of ETFs) becomes available, investment firms should cancel the original reports with the ‘PNDG’ price (using the cancellation flag for post-trade transparency publication purposes) and publish new reports/ send new transaction reports pertaining to the given transactions using the actual price that became available (using the amendment flag for post-trade transparency publication purposes). The date and time specified in the field “Publication date and time” of table 3 of Annex I of RTS 1, table 2 of Annex II of RTS 2 and/or field 28 of table 2 of Annex I of RTS 22 should always refer to the original date and time of the execution.\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1702)\n"}