It has now been two weeks since RTS 20 of MiFID II, which specifies the Ancillary Activity test, and the latest version of RTS 21, on Position Limits were adopted by the European Commission. There have been many reactions to the documents, although as noted on this blog several open questions remain.
This report on the mondovisione web site reports on comments from Kay Swinburne MEP, asking that the market now focus on implementing the rules, rather than further lobbying.
This video from Norton Rose Fulbright looks at the contents of the documents. This post on the Broadpeak Partners website looks at further developments on the US side in comparison with the EU. This post on the Fidessa web site considers how regulators will adjust limits in times of volatility.
Many of the above issues will be discussed during a training course being from by ETR Advisory together with Entrima on 18th January 2017 in Amsterdam. Details can be found here.