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)…
“Quick fix” version of EU MIFID II Ancillary Activity Test published in the Official Journal
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…
New Q+A documents on EMIR, SFTR and MIFID II transparency
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 issues final report on algorithmic trading under MIFID II
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…
Opinions from ESMA on revision of MIFID II gas position limits
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…
ESMA opens consultation on future MIFID II position limits regulations
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…
We are back – ESMA issues statement regarding application of existing MIFID II position limits rules
This blog is back after an unexpected break. We are hoping to issue more "catch up" posts over the coming days. Last week, ESMA issued this statement, which asks EU…
MIFID II “Quick Fix” published in the Official Journal
The final text of the MIFID II “Quick Fix” set of changes as adopted by the European Parliament recently has been published in the Official Journal of the European Union.…