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 email@example.com. The updated limits follows publication of limits by AFM and AMF (see here) and BaFin (see here).
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
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
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
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
BaFin has published “indicative” position limits for certain contracts on EEX, which can be found both here on the BaFin web site and also here on the EEX web site. The announcement indicates that the positions announced are non binding, and that final limits will be published on 3rd January, when MiFID II starts to … Continue reading
The UK’s Financial Conduct Authority has updated the list of position limits under MiFID II which will apply to commodity derivatives contracts traded on venues under their jurisdiction. The list can be downloaded from here. The new version adds 12 more limits. Those interested in more specifically identifying the changes are welcome to contact us … Continue reading
ESMA has approved NEX Abide Financial’s application to run an EMIR Trade Repository. The notice from ESMA can be found here. This takes the number of approved TRs to 8, and follows the changing of formats introduced on 1st November (see here). Earlier this year the European Commission issued a legislative proposal specifying intended changes … Continue reading
The UK’s Financial Conduct Authority has published this guide to the implementation of MiFID II, and MiFIR, in the UK. It examines the various parts of the rules, the documents behind them, and the resulting changes to the FCA handbook. There are comments on the guide on this page of the Securities Lending Times.
ESMA has updated the questions and answers document related to EMIR, which can be found here. The new version of the document makes some updates to the sections on trade reporting, mostly to bring them in line with the new reporting formats that have been in use since 1st November (see here). ESMA has recently … Continue reading