The Treamo, a leading supplier of EMIR reporting services and consultancy, newsheet shows how much work has still to be completed by the ESMA (European Securities and Markets Authority):

• ESMA who defines the additional fields and takes into account the wishes of market players by modifying existing fields. Apparently, the number of fields available for 'selection' has in the meantime risen to 95 following the definition of a further 10 fields. Not only that, changes have also been made to numerous fields.
• uncertainty persists with regard to the specification of the reporting requirements for most instruments in each asset class. Specifications are still only available for FX forward transactions and swaps as well as simple interest rate swaps. The lack of the other definitions is, according to Treamo, putting unnecessary additional pressure on all market players, whether banks, corporates or solution providers.

LEIs and unauthorized vendors
Treamo has discovered, there are now companies offering LEIs without them having been appropriately endorsed to do so by ESMA. Treamo strongly advise against acquiring any apparently 'cheap' (Pre-)LEIs which it will certainly not be possible to transfer to the final LEI system. 

Treamo provide a link to the list of endorsed providers: http://www.leiroc.org/. The latest version of the list and news about new registrations can be found under 'Updates' and 'Endorsed Pre-LOUs'.

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EMIR reporting continues to be a nightmare. A vital protection for corporates is to use valid and experienced suppliers.