ESMA Publishes MiFID II Implementation Speech

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Explore:  ESMA EU MiFID

On February 25, ESMA published a speech by ESMA Executive Director Verena Ross on the issues surrounding the implementation of MiFID II.

The issues include the following:

  • ESMA will publish a discussion paper on MiFID II technical standards once the European Parliament has approved the final text of MiFID II.
  • More frequent processing of requests and issuance of opinions on pre-trade waivers by ESMA.
  • ESMA expects to be involved in the decisions on the compatibility of national competent authorities’ proposed position limits for commodity derivatives.
  • Information on the transparency and micro-structural regimes provided for in Level 2 will be maintained and published by ESMA, together with ensuring consistent implementation and monitoring their effects on the EU markets, with periodic recalibration of these parameters where required.
  • Q&As will be issued by ESMA when the MiFID II Level 2 measures enter into force. Speech.

 

Topics:  ESMA, EU, MiFID

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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