The Delegated Act relating to the changes to be made to the MIFID II Ancillary Activity Test relating to the "Quick Fix" (see here) has been published in the Official…
ESMA yesterday issued new Questions and Answers documents: EMIR (here) - This has new answers on reporting on valuations (on the last day of a derivative or for intra day…
ESMA yesterday issued the final report on the MIFID II algorithmic trading rules which can be found here. This follows a consultation earlier in the year. The accompanying press release…
ESMA has issued opinions on three position limits under MIFID II with gas underlyings. Opinions are issued following the position limits being set by the National Competent Authority (NCA) in…
Last week the UK's Financial Conduct Authority (FCA) issued this statement which announced that MIFID II position limits will no longer be applied to cash settled commodity derivatives. Position limits…
Her Majesty's Treasury (HMT) has opened a consultation, the "Wholesale Markets Review", which primarily covers the future application of MIFID II in the UK, now that a separate jurisdiction exists…
ESMA has opened a consultation and published this document which covers the method by which changes to the MIFID II position limits and reporting regime will be implemented as part…
The Central Bank of Ireland has conducted a "Thematic assessment on Algorithmic Trading Firms’ compliance with RTS 6 of MIFID II". The open letter can be found here. Regulatory Technical…
ESMA has today issued their latest "opinion on ancillary activity – market size calculation" to be used as part of the "Ancillary Activity Test" calculations. These are used in order…
It is now four months since the end of the transitional phase of Brexit, which ended on 31st December 2020. This catch up post recaps the related news from Q1.…