MiFID toolbox

Insights

Latest posts

Do Banks Comply with MiFID II? – Insights from the German Regulator

Today, it’s been 133 days that MiFID II has become applicable. Time to take stock and have a first look at MiFID II compliance –...

ESMA updates on Investor Protection and Commodity Derivatives under MiFID II

The European Securities and Markets Authority (ESMA) has issued several updates regarding Investor Protection and Commodity Derivatives under MiFID II today. The first statement refers to...

ESMA updates transparency calculations for MiFID II/MiFIR

The European Securities and Markets Authority (ESMA) has published today an extended version of the MiFID II/MiFIR transitional transparency calculations (TTC) for equity and bond instruments, adding...

ESMA updates key transparency calculations for MiFID II implementation

The European Securities and Markets Authority (ESMA) has published an updated version of the MiFID II/MiFIR transitional transparency calculations (TTC) for equity and bond instruments. This updated...

European Watchdog provides last minute clarifications on MiFID II

With two weeks until the launch date of one of the biggest regulatory initiatives in history, the European Securities and Markets Authority (ESMA) has provided...

ESMA provides update on Commodity Derivatives under MiFID II

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding commodity derivatives under the Market in Financial Instruments Directive...

ESMA publishes key transparency calculations for MiFID II implementation

The European Securities and Markets Authority (ESMA) published today the MiFID II/MiFIR transitional transparency calculations (TTC) for equity and bond instruments. Today’s publication means that TTC...

ESMA clarifies various aspects of MiFID II questions

ESMA today published a number of updates to different Q&As on MiFID II aspects. The Questions and Answers (Q&As) regarding commodity derivatives under the Market in...

ESMA clarifies MiFID II trading obligation for shares

The European Securities and Markets Authority (ESMA) has updated today its Question and Answers (Q&As) regarding the implementation of the Markets in Financial Instruments Directive...

ESMA provides several updates on investor protection under MiFID II

The European Securities and Markets Authority (ESMA) has added 4 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under...

ESMA consults on quote rules for systematic internalisers under MiFID II

The European Securities and Markets Authority (ESMA) has today opened a public consultation on a proposed amendment to the Regulatory Technical Standard (RTS 1) which details the...

EU advises on obtaining brokerage and research services from non-EU brokers under MiFID II

Today, the European Commission has issued guidance in the form of Frequently Asked Questions to clarify how EU investment firms should interact when they seek...

ESMA agrees MiFID II position limits proposed by FCA

The European Securities and Markets Authority (ESMA) has published today nine opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive...

ESMA launches key MiFID II and MAR financial instrument reference database

The European Securities and Markets Authority (ESMA) has today launched the second phase of its Financial Instrument Reference Database (FIRDS). The launch involves providing access...

European regulators publish guidelines on suitability assessment for senior management

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published their joint Guidelines to assess the suitability of members of management bodies...

ESMA updates Q&A on MiFID II implementation

The European Securities and Markets Authority (ESMA) has published today updated Questions and Answers (Q&As) regarding the implementation of the Markets in Financial Instruments Directive...

ESMA updates transitional transparency calculations under MiFID II

The European Securities and Markets Authority (ESMA) has updated its transitional transparency calculations (TTC) for non-equity instruments in relation to the implementation of the Markets...

ESMA updates its MiFID II guidelines on transaction reporting, order record keeping and clock synchronisation

The European Securities and Markets Authority (ESMA) has issued today an update of its Guidelines on transaction reporting, order record keeping and clock synchronisation under...

ESMA consults on certain aspects of the MiFID II suitability requirements

The European Securities and Markets Authority (ESMA) has published a Consultation Paper (CP) on draft guidelines on certain aspects of the suitability requirements under the...

ESMA issues final standards for publication of derivatives data

The European Securities and Markets Authority (ESMA) has today issued final regulatory technical standards (RTS) regarding the aggregation and publication of derivatives data by trade...

ESMA updates MiFID II/ MIFIR Investor Protection Q&A

The European Securities and Markets Authority (ESMA) has added 2 new Q&A to its Questions and Answers (Q&A) document on the implementation of investor protection...

ESMA updates Q&A on MiFID II implementation

The European Securities and Markets Authority (ESMA) has today updated its Question and Answers (Q&As) regarding the implementation of the Market in Financial Instruments Directive (MiFID II)...

ESMA provides interim transparency calculations for MiFID II

The European Securities and Markets Authority (ESMA) has issued today an opinion with interim transparency calculations for non-equity instruments in relation to the implementation of the Markets...

MIFID II: ESMA issues final guidelines on trading halts

The European Securities and Markets Authority (ESMA) has issued today its final guidelines on trading halts under the Markets in Financial Instruments Directive (MiFID II). MiFID...

ESMA updates MiFID II/ MIFIR Investor Protection Q&A

The European Securities and Markets Authority (ESMA) has added 14 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection...

ESMA publishes final report on product governance guidelines to safeguard investors

The European Securities and Markets Authority (ESMA) has published today the Final Report on product governance guidelines under the Markets in Financial Instruments Directive II...

ESMA clarifies traded on a trading venue under MiFID II

The European Securities and Markets Authority (ESMA) has issued today an opinion regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and...

European regulator concerned about national watchdogs’ MiFID supervisory practices

The European Securities and Markets Authority (ESMA) has published a Follow-up Report on the actions undertaken by ten National Competent Authorities (NCAs) in addressing deficiencies...

ESMA issues final guidelines regarding circuit breakers under MiFID II

The European Securities and Markets Authority (ESMA) has issued today the final report on the Guidelines regarding the calibration of circuit breakers and the publication...

ESMA issues final specifications for non-equity tape under MiFID II

The European Securities and Markets Authority (ESMA) has issued today regulatory technical standards (RTS) specifying the scope of the consolidated tape for bonds, structured finance...

FCA publishes near final rules on MiFID II and encourages firms to submit applications for MiFID II authorisation

The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II. These include...

ESMA issues Implementing Rules for Package Orders under MiFID II

The European Securities and Markets Authority (ESMA) has published today its final report on draft regulatory technical standards (RTS) regarding the treatment of package orders under the...

ESMA writes to European Commission on MiFID II systematic internalisers operating broker crossing networks

The European Securities and Markets Authority (ESMA) has written to the European Commission to raise its concern over the potential establishment of networks of systematic...

In a nutshell: The new rules on Complaints Handling under MiFID 2

Complaints Handling is one of the many areas the European legislator focused on to improve Investor Protection across the EU. While the changes in primary...

ESMA revises MiFID standard on position reporting

The European Securities and Markets Authority (ESMA) published today a revision of its draft Implementing Technical Standards (ITS) on position reporting under the Markets in...

ESMA updates Q&A on MiFID II implementation in relation to regulatory data reporting

The European Securities and Markets Authority (ESMA) has published today the updated Questions and Answers (Q&As) document regarding the implementation of the Market in Financial...

ESMA updates Q&As on MiFID II transparency and market structure topics

The European Securities and Markets Authority (ESMA) has updated two Questions and Answers (Q&A) documents on implementation issues relating to transparency and market structure topics under...

ESMA issues briefing on transaction reporting requirements under MiFID II

Toward the end of 2016, ESMA published guidelines for transaction reporting under the Markets in Financial Instruments Directive (MiFID II) and Regulation(MiFIR). Additionally, ESMA released...

ESMA finds improvement in regulators’ supervision of MiFID best execution requirements

The European Securities and Markets Authority (ESMA) finds that national regulators are giving greater attention to best execution requirements under the Markets in Financial Instruments...

ESMA publishes MiFIR Q&A regarding data reporting

The European Securities and Markets Authority (ESMA) has published today its Questions and Answers (Q&As) document regarding the implementation of the Market in Financial Instruments...

ESMA publishes MiFID II Q&As on transparency and market structure topics

The European Securities and Markets Authority (ESMA) has published two Questions and Answers (Q&A) documents regarding implementation issues relating to market structures and transparency topics under...

ESMA consults on transparency rules for package orders under MiFID II

The European Securities and Markets Authority (ESMA) has opened today a public consultation on draft regulatory technical standards (RTS) regarding the treatment of package orders...

ESMA prepares for MiFID II systematic internaliser regime

The European Securities and Markets Authority (ESMA) has published an updated questions and answers (Q&A) document on the application of MiFID II/ MiFIR which clarifies when ESMA...

ESMA issues MiFIR reporting instructions

The European Securities and Markets Authority (ESMA) has issued detailed reporting introductions and XML schemas under its Financial Instruments Reference Data System (FIRDS). FIRDS covers...

PRA issues rules for passporting and algorithmic trading under MiFID II

This Prudential Regulation Authority (PRA) today published policy statement (PS) 29/16. The paper provides feedback to responses to Consultation Paper (CP) 9/16 ‘Implementation of MiFID II:...