MIFID - global-european test

So that the participants can prepare thoroughly for the obligatory transaction report ruled in the (3) subsection of paragraph 25. of the EU directive 2004/39/EK the participants were requested by the PSZF (Hungarian Financial Supervisory Authority) to send test datas, which meet the requirements the provisions and formats of the transaction reports, and which favour the preparation works, during the test period.Between October 4-10 on working days at choice there were requested to send three files, which was based on cryptic, non real, trade datas ran by controlling system. In the second part of October will be the test of the hand over test of the entire System. The hand over test will begin with the tansactions of the trading day on October 12, with the participation of 29 countries, namely the EU Norway and Island on October 15. For that a report should be sent to the PSZÁF a report based on real datas.   According to the plans,- through the real supplying of datas and on the entire line (through KIR) of the supplying the datas- on October 24. will begin the second hand over test, with the datas of the trading day October 19.   The system becomes operative with the daily supply of datas on 1st November 2007.