Reg Reporting Challenge

Spot the Rejection

Review a submitted report and identify the most likely reason it fails validation.

EMIR3 questions · ~4 min

For reference only. Not legal or regulatory advice — always verify titles, dates and requirements against the official publication.

Question 1 / 3

Scenario

Modification of an interest rate swap

The trade was originally reported and accepted last week. Today a notional amendment is submitted.

What is the most likely reason this submission would fail?

aNotional amount format is invalidbAction type does not fit an amendment to an existing tradecThe UTI is too longdEvent type must always be blank