ESMA’s consultation papers on MiFID non-equities SI and equities transparency regimes propose important changes.
Key Points:
..ESMA’s recent consultation papers on the MiFID transparency regime raise queries and make observations in respect of a number of issues that firms grappled with in the run up to implementation.
..The proposals would simplify the regimes with the consequence of - primarily for equities - increasing the levels of pre-trade transparency provided by firms and trading venues across instrument classes.
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