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1. Introduction
With this circular, Eurex Deutschland informs about the Client Convenient Solution (CCS) alongside Regulatory Reporting Solution (RRS) Release 2.0 (RRS Release 2.0), aimed at easing transaction reporting efforts for all Trading Participants not subject to MiFIR ("Non-MiFIR Trading Participants").
With the introduction of CCS alongside RRS Release 2.0 effective 16 March 2026 mandatory and optional enhancements will be implemented to the existing RRS and Short Code Long Code (SCLC) Business Service Application.
The mandatory enhancements must be implemented and include:
Non-MiFIR Trading Participants are provided the opportunity, through optional enhancements, to create one-off registrations for SCLC combinations including personal identification data (First Name, Surname, Date of Birth). Once validly registered, these combinations will be retrieved automatically for transaction reporting as long as their validity remains intact.
MiFIR Trading Participants must only adapt to the new XSDs that will be introduced with T7 Release 14.0 on 10 November 2025; no further changes are expected of them.
Simulation start: 1 December 2025
Production start: 16 March 2026
Further information about the CCS RRS Release 2.0 can be found on the Eurex website www.eurex.com under the following link: Rules & Regs > Regulations > MiFID II/MiFIR > Reporting
2. Required action
Non-MiFIR Trading Participants are requested to initiate preparatory steps to ensure readiness for the introduction of CCS with RRS Release 2.0 on 16 March 2026. Recommended testing scenarios will be provided in the “Simulation Participation Guide”, which is available on the website mentioned above.
MiFIR Trading Participants must only adapt to the new XSDs that have been introduced with T7 Release 14.0; no further changes are expected of them.
3. Details of the initiative
A. Availability of simulation environment
The dedicated simulation phase will be conducted within the regular T7 simulation environment allowing the impacted Trading Participants the opportunity to comprehensively test their trading applications, independent of the RRS production environment. The simulation environment will be available for testing from 1 December 2025 until further notice.
B. Overview of functional enhancements
For non-MiFIR Trading Participants, the CCS RRS Release 2.0 will bring both mandatory and optional enhancements to their transaction reporting.
The mandatory enhancements will include adoption of the new XSDs for TR160 and TR161 reports that will be introduced withT7 Release 14.0, new Short Code upload File format with the usage of the new upload channel via the Common Upload Engine (CUE) service EXTREFNM.
The new SCLC upload file will support the inclusion of buyer/seller personal identification data (First Name, Surname, Date of Birth). The provision of personal identification data via the SCLC upload file is optional.
Non-MiFIR Trading Participants may alternatively submit buyer/seller details via the RRS solution as of today. To ensure data consistency and accuracy, participants are advised to select one method of data provision.
The enriched SCLC combinations may be registered, modified or deleted either via the SCLC upload or GUI until the end of trading day T (23:30 CET/CEST), or via both the SCLC solution and RRS until T+1, 18:00 CET/CEST.
For backup enrichment and reporting purposes, the legally binding status of submitted data will be determined at 23:30 CET/CEST on T and 18:00 CET/CEST on T+1.
In addition, the CUE will be enhanced to differentiate between MiFIR and non-MiFIR Trading Participants during upload, enabling separate processing of their data. Unauthorized use of this service by MiFIR entities will lead to file rejection with a dedicated error code.
MiFIR Trading Participants must only adapt to the new XSDs that have been introduced with the T7 Release 14.0; no further changes are expected of them.
Please find an overview of the upcoming changes for the CCS RRS Release 2.0 in the table below:
Old Version (RRS Release 1.7) | New Version (CCS RRS Release 2.0) |
One SCLC Business service (CUE service) for MiFIR and Non-MiFIR Trading Participants (EXTREFDA) | New SCLC Business Service dedicated for Non-MiFIR Trading Participants (EXTREFNM). The existing SCLC Business service for MiFIR Trading Participants (EXTREFDA) remains as is. CUE is enhanced to differentiate between MiFIR and non-MiFIR Trading Participants and allows for separate processing. Unauthorized uploads are rejected. |
SCLC Business Service Upload did not include personal identification data. | SCLC Business Service EXTREFNM supports buyer/seller personal data: First Name, Surname, Date of Birth. |
Enrichment only via RRS until T+1 18:00 CET/CEST | Enrichment possible via SCLC upload/GUI until T 23:30 CET/CEST and via SCLC/RRS until T+1 18:00 CET/CEST |
| Old XSDs | New XSDs introduced with T7 Release 14.0 to support updated report formats |
| Reports TR160 and TR161 did not reflect personal data enrichment | Report TR160 will include new error codes:
Report TR161 will be enhanced with new fields:
|
If you have questions regarding the above, please contact us at mifid.reporting@deutsche-boerse.com.
Further information
Recipients: | All Trading Participants of Eurex Deutschland, Liquidity Providers and Vendors | ||
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration | ||
Related Newsflash: | Eurex Readiness Newsflash | MiFID II/MiFIR: Introduction of Client Convenient Solution (CCS): Hybrid Short Code-Long Code and Non-MiFIR transaction reporting enhancements | ||
Contact: | mifid.reporting@deutsche-boerse.com | ||
Web: | Rules & Regs > Regulations > MiFID II/MiFIR > Reporting | ||
Authorized by: | Melanie Dannheimer |
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