The French Financial Markets Authority (AMF) is conducting an activity to verify the quality of data related to retail investors in the MiFIR trade reporting area.。

Article 26 of the MiFIR Regulation introduces the identification of end customers (whether legal or natural) in transaction reports。This information can be used not only to detect market abuse, but also to study the behavior of retail investors in detail, which is what AMF regularly does as part of its investor protection responsibilities。

To this end, AMF is conducting a campaign to improve data quality in areas relevant to retail investors。The campaign aims to remind people that these data must be accurate and filled in according to precise criteria。

We encourage the Investment Services Compliance Officer (RCSI) and the reporting team to familiarize themselves with this activity and examine the quality of their disclosures on these issues.。

In the data quality activities related to the identification of retail investors in the MiFIR trading report, the AMF found frequent errors in the following areas:

• Identity code for retail investors as buyers or sellers (e.g. CONCAT code for French natural persons)

• Name

• Date of Birth

The AMF reminds that transaction data reports must be complete and accurate, which means that the rules applicable to each field should be strictly observed。