CONCAT

; Delegated Regulation (EU) 2017/590
Title:	Delegated Regulation (EU) 2017/590 of the Commission of 28 July 2016 to supplement Regulation (EU) No. 600/2014 of the European Parliament and of the Council with regulatory technical standards for reporting transactions to the competent authorities
Scope:	EEA
Legal matter:	Financial market regulation
Basis:	Article 26 (9) third subparagraph of Regulation (EU) No. 600/2014 , TFEU
Come into effect:	April 20, 2017
To be used from:	January 3, 2018
Reference:	OJ L 87 of March 31, 2017, pp. 449–478
Full text	Consolidated version (not official) ; basic version
Regulation has entered into force and is applicable.
Please note the information on the current version of legal acts of the European Union !

The CONCAT ID ( English concatenation , juxtaposition ' ) is an identifier for an individual to meet the regulatory reporting requirements on financial markets. It consists of the country code, date of birth, first name and surname.

use

Depending on the country, the identifier is used, alongside other procedures, as an identifier to meet the regulatory reporting requirements (reporting) under the MiFID II Directive and the accompanying MiFIR regulation , which came into force on January 3, 2018.

According to these guidelines, the identification features of the persons involved in the trade must be communicated in order to document a trade. To enable effective data analysis by the authorities, transactions should be reported using uniform standards and formats.

In accordance with Article 6 of the Delegated Regulation (EU) 2017/590, a natural person is to be specified in a business report with the designation consisting of the character string consisting of the alpha-2 code according to ISO 3166-1 (country code consisting of two letters) of the country the nationality of the person followed by the national customer identifier listed in Appendix II based on the nationality of the person.

For German nationals, CONCAT is used as the national customer identifier, while many other countries use a different attribute, if available, such as B. provide the number of the passport and CONCAT only in the event that the feature with higher priority is not available. Only a few countries do not provide CONCAT for their nationals at all.

calculation

The CONCAT ID has a length of 20 characters and consists of the preceding ISO country code (2 characters) and the customer ID, consisting of

Date of birth (format YYYYMMDD = 8 characters)
First name (5 characters after adjustment)
Last name (5 characters after cleaning)

The name adjustment for first name and surname is carried out as follows:

The first name and the last name are used in full, without abbreviations
Any titles (e.g. doctorate) and prefixes are removed
Transliteration of special characters:
- A… Z and a… z remain unaffected
- Characters such as apostrophe, hyphen, and spaces are removed
- Special characters such as umlauts and letters with accents etc. are translated into a character from the range A ... Z according to a table, e.g. B. Ä becomes A, ß becomes S,
Lower case letters are converted to upper case letters
If the cleansed name is less than 5 characters, it is padded to 5 characters with #.

Examples

First name	family name	Date of birth	nationality	CONCAT	comment
John	O'Brian	January 13, 1980	Ireland (IE)	IE19800113JOHN # OBRIA	O 'is added to the name without an apostrophe
Ludwig	Van der Rohe	February 14, 1981	Hungary (HU)	HU19810214LUDWIROHE #	The prefix “Van der” is omitted
Günter	Voss	July 15, 1980	Germany (DE)	DE19800715GUNTEVOS ##	Umlaut ü becomes U and ß becomes S

Further examples can be found in the linked sources.

Individual evidence

↑ Delegated Regulation (EU) 2017/590 of the Commission of 28 July 2016 to supplement Regulation (EU) No. 600/2014 of the European Parliament and of the Council with regulatory technical standards for reporting transactions to the competent authorities - ANNEX II - National customer IDs for natural persons to be used in business reports , accessed on January 2, 2018 . In: Official Journal of the European Union . L 87/477 March 31, 2017.

↑ Dr. Randolf Roth (Eurex): MiFID II / MiFIR: Participant reference data and extension of the order data records. (PDF) In: eurex circular 040/17. Eurex Exchange, May 3, 2017, accessed on January 1, 2018 (German, English).

↑ Guidelines: Transaction reporting, order record keeping and clock synchronization under MiFID II. (PDF) In: https://www.esma.europa.eu/ . European Securities and Markets Authority (ESMA), August 7, 2017, accessed on January 1, 2018 .

[1] Delegated Regulation (EU) 2017/590 of the Commission of 28 July 2016 to supplement Regulation (EU) No. 600/2014 of the European Parliament and of the Council with regulatory technical standards for reporting transactions to the competent authorities - ANNEX II - National customer IDs for natural persons to be used in business reports , accessed on January 2, 2018 . In: Official Journal of the European Union . L 87/477 March 31, 2017.

[2] Dr. Randolf Roth (Eurex): MiFID II / MiFIR: Participant reference data and extension of the order data records. (PDF) In: eurex circular 040/17. Eurex Exchange, May 3, 2017, accessed on January 1, 2018 (German, English).

[3] Guidelines: Transaction reporting, order record keeping and clock synchronization under MiFID II. (PDF) In: https://www.esma.europa.eu/ . European Securities and Markets Authority (ESMA), August 7, 2017, accessed on January 1, 2018 .