{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2017-10-05","gaps":[],"covered":["ESMA Q&A 1706 — 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-1706-transaction-reporting","url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1706-transaction-reporting","title":"ESMA Q&A 1706 — Q&A — Transaction reporting [Answer Published]","family":"l3","work_id":"spaces/mifir/level-3/q-and-a/esma/esma-qa-1706-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, 5 October 2017","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/1706","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"40487ec496bcb0d7","change_date":null,"nearest_versions":["2017-10-05"],"first_text_date":null,"correction_applies":false,"versions":["2017-10-05"],"version_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1706-transaction-reporting/versions/2017-10-05","revision_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1706-transaction-reporting/versions/2017-10-05/rev/40487ec496bcb0d7","versions_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1706-transaction-reporting/versions","relations_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-1706-transaction-reporting/relations","source_line":"Answer by ESMA, published in its Q&A tool · not legislation · published 5 Oct 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":"2017-10-05","question_submitted_on":"2017-10-05","locators":{"published_on":"ESMA Q&A Excel export ESMA_QA_1706, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_1706, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/1706","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/mifir/level-3/q-and-a/esma/esma-qa-1706-transaction-reporting.md","body_sha256":"3b398bad196e6025ebbe1d216cf5108877c0703088500e179af101905e48c5b2"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 1706 — Q&A — Transaction reporting [Answer Published]\"\nshortTitle: \"ESMA Q&A 1706 — Q&A — Transaction reporting [Answer Published]\"\nanswer_id: ESMA_QA_1706\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: 5 October 2017\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/1706\nlifecycle: \"Answer Published\"\ntext_version: \"ESMA Q&A register, 5 October 2017\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/1706\"\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_1706: 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: \"2017-10-05\"\n  question_submitted_on: \"2017-10-05\"\n  locators:\n    published_on: \"ESMA Q&A Excel export ESMA_QA_1706, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_1706, column 'Date of submission'\"\nlifecycle_label: \"Answer Published\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · published 5 Oct 2017 [Answer Published]**\n\n*Answer Published · ESMA Q&A register, 5 October 2017 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1706)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 1706 — Q&A — Transaction reporting \\[Answer Published\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_1706 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 5 October 2017; question submitted 5 October 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\nConsider a scenario where an investment firm (Bank B) executes a reportable transaction under a discretionary mandate for a Client A (portfolio management).\n\na) Does the Client A also have an obligation to report this transaction under Art. 26 MiFIR?\n\nb) Does the Client A also have an obligation to report this transaction under Art. 26 MiFIR when a fund management company that is not a MiFID II investment firm (Firm Z) is interposing between client and Bank B?\n\n***\n\n### Answer\n\n\\[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 24.6\\]\n\nYes, in both cases there is an own reporting obligation for Client A under Art. 26 MiFIR, if Client A is an investment firm.\n\nClient A has to report under Art. 26 MiFIR because it provides the service under Art. 3 (1) (c) Commission Delegated Regulation (EU) 2017/590 “dealing on own account”. Dealing on own account as it is defined in Art. 4 (1) (6) MiFID II means trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments. Even though the client outsources the investment decision and execution to Bank B it is still considered to be “dealing on own account” under Art. 3 (1) c Commission Delegated Regulation (EU) 2017/590.\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1706)\n"}