ESMA issues new Q+As on algorithmic trading under MIFID II
Last week ESMA issued this updated MiFID II and MiFIR market structures topics Questions and Answers document which includes an updated section on algorithmic trading. New QAs 33 and 34…
Updates: ETS in the EU and UK – EU Position management
ESMA has released this final report on emissions allowances and associated derivatives. The report looks at the Emissions Trading Scheme (ETS) in Europe and how the process and markets in…
Update from the FCA on Ancillary Activity Test
Following the consultation opened on the method for UK entities to carry out the MIFID II Ancillary Activity Test recently(see here), the UK's Financial Conduct Authority (FCA) has issued this…
FCA proposes changes to current Ancillary Activity Test
Following on from the publication of the response to the Wholesale Market Review (see here), the FCA has included a section on the MIFID II Ancillary Activity Test in their…
Response published to UK Wholesale Markets Review and a comment on MAR with respect to the Ukraine situation
The UK's HM Treasury has published this response to the Wholesale Markets Review that was run last summer(see here). The review looks at potential changes to MIFID II and other…
New REMIT Quarterly covering an Article 4 breach and more
This blog is back after a short break with the publication of the latest REMIT Quarterly newsletter by ACER, which can be found here. In addition to the usual statistics,…
2022 begins
As the year opens, here we gather a few thoughts on what we can expect for the year ahead, with respect to the primary rules covered by this blog, and…
FCA statement on supervision of MIFID II position limits
The UK's Financial Conduct Authority yesterday issued this statement relating to position limits under MIFID II. It extends the approach outlined in this statement last year, on page 9, which…
Draft RTS for new EU MIFID II position limits rules published
ESMA has published the draft Regulatory Technical Standards (RTS) and final report that implement the changes to the position limits rules proposed in the MIFID II "Quick fix" (see here)…
FCA regulatory initiatives grid – UK EMIR and MIFID II consultations
The UK's Financial Conduct Authority (FCA) has updated their "Regulatory Initiatives Grid", which can be found here . It includes a revised date for a consultation on EMIR REFIT, now…