We are now “two days in” to MiFID II, and the industry is getting used to the “new world”. Following yesterday’s post (see here) there are more updates:
Euronext has been granted a waiver to the “open access” rules as reported here on the Reuters web site. This interview on Wednesday of Markus Ferber MEP on Bloomberg discusses confidence in the start of MiFID Ii going well, as well as the transposition status of MiFID II. the transposition status pf each member state can be found here. This article on the Business review web site discusses the transposition status of Romania.
This article on the Finance Apprise web site reports a lack of major problems experienced at the start of MiFID II. This article on the Australian Investor Daily web site highlights the fact that all entities trading with an EU Investment Firm will be required to have an LEI, despite the recent deferral of these rules (see here).
The European Benchmark Regulation also started this week. This article on FT Advisor discusses the possible consequences of not following this regulation, which is being phased in over the coming period going to 2020. ESMA has updated their register of benchmarks here.
It is expected that the news will continue to emerge over the coming days and weeks. the Clarus FT blog (here) is providing updates to the data aspects of MiFID II as they arise.