MiFIR – TRSII

Information about the transaction reporting system TRSII

Contact

Operational and technical querries on the TRSII system: support@trsii.dk

 

Legal querries and questions on MiFIR: seko4-postkasse@ftnet.dk

Securities dealers, approved reporting mechanisms (ARM) and trading venues which are to report transactions to the Danish FSA pursuant to article 26 of MiFIR must be registered with the FSA and be established in the new TRS system of the FSA, hereafter TRSII.

 

On this page, the Danish Financial Supervisory Authority informs about the IT system, TRSII, e.g. information about test, production, XML versions, error codes and status of operation. We aim to keep the information up to date.

TRSII will go-live on January 3, 2018.

Production

Important information

   

Date: 23-05-2022

 

Upgrading of our IT-systems, TRS II

 

We are upgrading our IT system, TRS II in production in the period 31 May to 1 June 2022.
 
Please send us your transaction reports (files) before 22:00 on 30 May. We will then endeavor to send the feedback files back to you before 24:00 on 30 May.
 
In the period May 31 - June 1, we will upgrade TRS II.
 
You are welcome to continue uploading the transaction reports (files) to our FTP server during the upgrade period, but we will not process them until the upgrade is complete. We will download and process the files as soon as we have upgraded - we expect to be ready to download and process your transaction reports (files) by 12:00 on 1 June at the latest.

 

The reporting platform is version 1.1.0.
https://www.esma.europa.eu/policy-rules/mifid-ii-and-mifir/mifir-reporting-instructions

Information

TRSII processes the received transaction files during the day. There will be periods where the processing does not take place due to maintenance or loading reference data from ESMA. TRSII is currently closed for processing of local transaction files in the periods 00:00-05:00 and 08:00-12:00.

 

Since ESMAs delivery of reference data from FIRDS could be unstable, transactions sent to Finanstilsynet will have the status received for certain periods, since the reference data is delayed. 
The transanctions will be processed as soon as we have the reference data from ESMA, and your transactions will get status Accepted, Pending, or Rejected. 

   

In case of errors in TRSII, where transaction reports are wrongly rejected, it is not possible for Finanstilsynet to reread the correct reports. It is therefore necessary that the submitting entity resend the reports when the issue is resolved.

 

Registration for production 

In order to gain access to the production environment, please do the following:

1.  Read the enclosed guideline

2.  Fill in and forward the enclosed form to the Danish FSA 

3.  Send SSH key pair to Progressive at support@trsii.dk

 

Status            
    XML schema version

    Schema in use: https://www.esma.europa.eu/document/annex-2-mifir-transaction-reporting      

     

    Servicewindow

Known errors

  • None


Operation

TRSII is running all days except:

Working days: 00:00 to 05:00

Weekend and holidays: 12:00 to 24:00

 

We may need to close the system between 05:00 - 24:00 to perform service on the IT-system and in such cases we will notify you on the website. Please note that the system does not process local files between 08:00 and 10:00 on working days due to the loading of ESMA reference data.

 
Contact and opening hours

Operational and technical queries on the TRSII system: support@trsii.dk

Legal queries and questions on MiFIR: SEKO4-postkasse@ftnet.dk

Opening hours:

Weekdays from 09:00 to 15:00

 

Upgrade announcement

 

Test

Important information

   

Operation 

Normal operation.

 

The XML schematic descriptions used for reporting are available on the ESMA website. The reporting platform is version 1.1.0.
https://www.esma.europa.eu/policy-rules/mifid-ii-and-mifir/mifir-reporting-instructions

Registration for test

In order to participate in the test, please do the following:

1.  Read the enclosed guideline

2.  Fill in and forward the enclosed form to the Danish FSA 

3.  Send SSH key pair to Progressive at support@trsii.dk

 

Status

XML schema version

Schema in use: https://www.esma.europa.eu/document/annex-2-mifir-transaction-reporting


Test cases

Carry through the enclosed test cases

  

Known errors

  • None

 

Operation

The two test environments Test 1 and Test 2 will be open all the time. Test environments are continuously updated so it may appear that they are closed for a short period of time or that they go down outside of our opening hours. However, no support is given on holidays and outside working hours.

 

Contact and opening hours

Contact at e-mail adresse:

Operational and technical querries on the TRSII system: support@trsii.dk

Legal querries and questions on MiFIR: SEKO4-postkasse@ftnet.dk

 

Opening hours

Weekdays from 09:00 to 15:00

 

Upgrade announcement


Documentation
Material from information meetings 

Information meeting 10-05-17

Information meeting 01-12-17 

Functional information

Feedback files

FF files (first feedback file on report file): 
< bizmsgidr=""> will follow the following schema:  _
Example: Feedback file name: FF_TR_353800XVAQXELVCPC871_01_20170407_0092_01.ZIP
< bizmsgidr="">: 353800XVAQXELVCPC871_01170407009201
FD files (feedback on transaction reports that have not previously been accepted or rejected and the FD-files are therefore not specific to a single TR file hence its own sequence numbering):
< bizmsgidr=""> will follow the following schema:  _
Example: Feedback file name: FD_TR_353800XVAQXELVCPC871_01_20170407_0136.ZIP
< bizmsgidr="">: 353800XVAQXELVCPC871_01201704070136

FD files:
< msgrptidr=""> will follow the schema: _
Example: Report file name: TR_353800XVAQXELVCPC871_01_20170407_0136.ZIP
< msgrptidr="">: 353800XVAQXELVCPC871_011704070136

National error codes 
Information about national error codes from TRSII, where ”AA” is the country code of the country in question. Denmark has country code “DK”. 

Control

Error code

Error message

Explanation and corrective action

Filee name syntax1

AAX-001

The file name has an illegal syntax.

Correct the filename so that it complies to the file name convention.

Invalid date

AAX-002

The date does not exist or is in the future.

Correct the date.

Duplicate

AAX-003

The file has already been submitted.

The duplicate file is ignored. If the file comprises new transaction reports, include them in a report file with a different sequence number.

File extension

AAX-004

The file has an illegal extension.

Correct the filename so that it complies to the file name convention.

File size

AAX-005

The file is larger than the allowed[x]MB.

Split the report file into two or more report files.

Signature

AAX-006

The signature is not recognised as a valid signature.

Check and correct the signature of the file. The signing key might be outdated or unknown to us. Also make sure the correct signature algorithm has been used.

Signer

AAX-007

The file has an unknown signer.

The signer is unknown to us. Check and correct the signature of the file.

Decryption

AAX-008

The file can’t be decrypted.

Ensure that the file is properly encrypted. Check the encryption keys you are using or your encryption program. The encryption key might be outdated or unknown to us. Also make sure the correct hashing algorithm has been used

Decompression

AAX-009

The file can’t be decompressed.

Check that the compression comply to the allowed compression method

Signing

AAX-010

The file is not properly signed.

Ensure that the file is properly signed. Check the keys you are using. The key might be outdated or unknown to us.

SEIC

AAX-011

The SEIC is invalid.

Correct the SEIC in the file so that it is a valid legal entity identifier as defined in ISO 17442.

Recipient country

AAX-013

The recipient country, specified in the header, is incorrect

Ensure that the recipient is the country code of the country of the CA to which the file is submitted

Report file name

AAX-014

The report file name is incorrect.

Correct the name of the compressed report file so that it matches the name of the archive file and has the proper extension.

One report file per archive

AAX-015

The archive file does not contain only one report file.

Correct the contents of the archive file so that it contains only one report file.

Reporter allowed

AAX-016

The Submitting Entity is not authorised to report on behalf of the Executing Entity.

Ensure that it has been registered by the Executing Entity or the FSA that the Submitting Entity is authorised to report on behalf of the Executing Entity.
SEIC AAX-017 The SEIC is incorrect Correct the SEIC so that it is the LEI of the Submitting entity
Submitting Entity in BAH AAX-018 The Submitting entity, specified in the header, is incorrect Ensure that the Submitting Entity in the header, is the LEI of the Submitting Entity that submitted the file
Submitting Entity in report AAX-019 The Submitting Entity, specified in the report, is not the one that submitted the file Ensure that the Submitting Entity Identification code in the report, is the LEI of the Submitting Entity that submitted the file

                   1 The syntax control comprise only checking number of characters, separators, and numeric format. 
              Not if the actual content is valid.

 ESMA

Link to ESMA's homepage