ESMA Launches Centralized Data Projects for MiFIR and EMIR

The European Securities and Markets Authority ("ESMA") announced the launch of two centralized data projects: (i) the Instrument Reference Data Project, which will provide a central facility to collect instrument and trading data, calculate MiFIR transparency and liquidity thresholds, and offer database access to nationally competent authorities and financial market participants, and (ii) the Trade Repositories Project, which will provide a single access point for trade repositories data under EMIR.