ESMA Updates Transitional Transparency Calculations Under MiFID II

By Regulatory News

August 06, 2018

ESMA published an updated version of the transitional transparency calculations (TTC) under the Markets in Financial Instruments Directive and Regulation (MiFID II and MiFIR). The update relates to the transitional transparency calculations for equity derivatives, equity and equity-like instruments, and tick size band assessment. ESMA also updated the frequently asked questions (FAQ) on TTC under MiFID II. Trading venues are expected to apply the new results from August 13, 2018.

MiFID II/MiFIR introduces transparency requirements for equities, bonds, structured finance products, emission allowances, and derivatives, thus empowering the competent authorities to waive the obligation for market operators and investment firms operating a trading venue, to make public pretrade information for non-equity instruments. Furthermore, transactions in non-equity instruments may also benefit from deferred publication. In addition, for equity instruments, the regulation introduces a tick size regime. European Economic Area competent authorities, with the exception of Poland, have delegated to ESMA the computation of transparency calculations, including the transitional transparency calculations (TTC). To execute them, ESMA has compiled the information from trading venues of the member states.

Related Links

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

ESRB Updates Overview of National Macro-Prudential Measures in EU

ECB Consults on Draft ECB Regulation on Money Market Statistics in EU


News EBA Publishes Reports Monitoring the Implementation of Basel III in EU EBA published two reports measuring the impact of implementing the final Basel III reforms and monitoring the implementation of liquidity measures in EU. March 20, 2019 WebPage Regulatory News
News BCBS Publishes Results of Survey on Proportionality in Bank Regulation BCBS published a report presenting the results of a survey conducted on proportionality practices in bank regulation and supervision. March 19, 2019 WebPage Regulatory News
News US Agencies Adopt Interim Rule to Facilitate Transfers of Legacy Swaps US Agencies (FCA, FDIC, FED, FHFA, and OCC) are adopting and inviting comments on an interim final rule. March 19, 2019 WebPage Regulatory News
News EIOPA Requests Data on LTG Measures from Insurers Under Solvency II EIOPA has requested the European Economic Area insurance undertakings, which are subject to Solvency II, to provide information on the long-term guarantee (LTG) measures. March 18, 2019 WebPage Regulatory News
News PRA Proposes Reporting Amendments to Pillar 2 Liquidity Framework PRA proposed (CP6/19) regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK. March 18, 2019 WebPage Regulatory News
News EBA Single Rulebook Q&A: Third Update for March 2019 EBA published answers to seven questions under the Single Rulebook question and answer (Q&A) updates for this week. March 15, 2019 WebPage Regulatory News
News OCC Updates Recovery Planning Booklet of the Comptroller's Handbook OCC updated the Recovery Planning booklet of the Comptroller’s Handbook. March 15, 2019 WebPage Regulatory News
News CFTC and MAS Announce Mutual Recognition of Derivatives Trading Venues CFTC and MAS announced the mutual recognition of certain derivatives trading venues in the U.S. and Singapore. March 15, 2019 WebPage Regulatory News
News EBA Publishes Report on Convergence of Supervisory Practices Across EU EBA published annual report on the convergence of supervisory practices in EU. March 14, 2019 WebPage Regulatory News
News CPMI-IOSCO Publish Update to Level 1 Assessment of PFMI Implementation CPMI and IOSCO jointly updated the Level 1 Assessment Online Tracker on monitoring of the implementation of the Principles for financial market infrastructures (PFMI). March 14, 2019 WebPage Regulatory News

RESULTS 1 - 10 OF 2763

By Regulatory News

Previous Article

Next Article