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More FCA position limits

The FCA has added a few more MiFID II position limits to their list which can be found here. As before, readers who wish to more specifically identify the changes are welcome to contact us at info@etr-advisory.com. The updated limits follows publication of limits by AFM and AMF (see here) and BaFin (see here).

MiFID II position limits set by AFM and AMF

Announcements of position limits by National Competent Authorities continues, following those over the past few weeks (see here). The AFM of The Netherlands has announced 4 limits, which can be found here.  In addition the AMF of France has announced several limits on Euronext and Powernext, in two documents which can be found here and … Continue reading

European Commission Adopts US Equivalence for MiFID II

The European Commission has adopted a decision that recognises certain US venues as “equivalent” in regulatory terms with EU law. The decision document can be found here. The decision recognises that SEFs (Swap Execution Facilities) and DCMs (Designated Contract Markets) fulfil the 4 conditions found in MiFIR Article 28(4) and are therefore recognised as equivalent  … Continue reading

European Commission proposes rules simplification

The past years have seen many regulatory initiatives being rolled out globally and in the EU. These include several financial regulatory regimes which have each been implemented within a relatively short space of time. Although each regime has different objectives, there are often overlaps and inconsistencies between them. This applies for example to the data … Continue reading

Less than a month until MiFID II

There is now less than a month to go until MiFID II starts, on 3rd January 2018. Investment Firms who will have to comply with many parts of the rules, such as the different data reporting strands, best execution, client protection, market structures and others, have a great deal of work to do in order … Continue reading