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Mifid, Uncategorized

No MiFID II delay – position reporting ITS in journal

Despite calls for a phased start to MiFID II over the last few weeks (see here), ESMA has reiterated that there are to be no further delays to the start, on 3rd January 2018.  The stance was revealed in a keynote speech made by Steven Maijoor, Chair of ESMA,  made at the IDX conference in London this week. The speech can be found here with the reference to delays on page 10. The speech also covers several other topics including the desired consolation of reporting requirements and Brexit.

In the meantime the Implementing Technical Standard which specifies when position reports are to be submitted to NCAs has been published in the official journal of the European Union and can be found here.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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