Featured Product

    ESMA Updates Bond Transparency Calculations for MiFID II and MiFIR

    April 18, 2018

    ESMA updated the MiFID II and MiFIR transitional transparency calculations (TTC) for bonds. The update relates to the liquidity assessment for bond instruments, except for Exchange Traded Commodities (ETCs) and Exchange Traded Notes (ETNs). Trading venues are expected to apply the new results from April 23, 2018.

    The liquidity assessment of bonds, except ETCs and ETNs, is based on Tables 2.1 and 2.2 in Annex III of RTS 2, which can be referred to in the Commission Delegated Regulation (EU) 2017/583 of July 14, 2016 on the regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances, and derivatives. ESMA was delegated by the national competent authorities to perform the TTC for the ISINs that traded over the reference period August 01 to October 31, 2017. For bond instruments, traded for the first time on a trading venue between November 01, 2017 and January 02, 2018 (included), national competent authorities have submitted, to ESMA, the applicable TTC for which the national competent authorities are in charge and did not delegate this task to ESMA. ESMA has compiled the data with utmost care.

     

    Related Links

    Keywords: Europe, EU, Securities, MiFID/MiFIR, Transparency Calculations, TTC, Bonds, ESMA

    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958