Article 14 Transaction identification code

This brief but precise article establishes a specific record-keeping requirement that directly connects to the broader order book obligations set out across Articles 2 to 15.

Where Article 9 addresses the individual identification code for orders, Article 14 shifts focus to the transaction level, requiring that each transaction arising from the execution of an order — whether full or partial — carries its own unique identification code.

Important points:

• Crypto-asset service providers operating a trading platform must maintain an individual transaction identification code for every transaction resulting from order execution.
• This obligation applies to both full and partial executions of an order, ensuring no executed transaction goes untracked.
• The identification code must be recorded in accordance with field 46 of Table 2 and field 1 of Table 3 of the Annex, as applicable.