Featured Product

    ESMA Updates Q&As on MIFID II in October 2017

    October 03, 2017

    ESMA updated its questions and answers (Q&As) on the implementation of the second Markets in Financial Instruments Directive (MiFID II). The Q&As include new answers to questions regarding market structure and transparency issues.

    The added answers on market structure issues are related to DEA provider’s controls and suitability checks, default regime for tick sizes, responsible competent authority in case of dual listing, organized trading facility (OTF) mandatory trading in financial instruments, provisions applicable to OTFs trading REMIT wholesale energy products, and OTF best execution obligations vis-à-vis third-party brokers. The added answers on transparency issues cover topics such as application of post-trade transparency requirements by trading venues; equity transparency; first calculations to be published on January 03, 2018; level of asset class at which the calculation should be performed for derivatives, bonds, and structured finance products; and transactions that should be included in the calculations.

    The purpose of the Q&As is to promote common supervisory approaches and practices in the application of MiFID II and its implementing measures. ESMA will periodically review these Q&A to update them as required and to identify if, in a certain area, there is a need to convert some of the material into ESMA guidelines and recommendations. The Q&As cover only activities of EU investment firms in the EU, unless specifically mentioned otherwise. Third-country-related issues, and in particular the treatment of non-EU branches of EU investment firms, will be addressed in a dedicated third-country section.

     

    Related Links

    Keywords: Europe, EU, Securities, MiFID II, Q&A, Investment Firms, Market Structure, Transparency, ESMA

    Related Articles
    News

    PRA Consults on Implementation of Certain Provisions of CRD5

    PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).

    July 31, 2020 WebPage Regulatory News
    News

    EIOPA Report Identifies Key Financial Stability Risks for Insurers

    EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for First Quarter of 2020

    EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Issues Updates on Stress Test Exercise for Banks in EU

    EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.

    July 30, 2020 WebPage Regulatory News
    News

    PRA Proposes Guidance Related to Matching Adjustment under Solvency II

    PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.

    July 30, 2020 WebPage Regulatory News
    News

    MAS Issues Guidance on Dividend Distributions by Banks

    MAS published a statement guidance on dividend distribution by banks.

    July 30, 2020 WebPage Regulatory News
    News

    APRA Updates Guidance on Capital Management for Banks

    APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.

    July 29, 2020 WebPage Regulatory News
    News

    FSB Report Reviews Macro-Prudential Framework and Tools in Germany

    FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.

    July 29, 2020 WebPage Regulatory News
    News

    EBA Urges Firms to Finalize Preparations for End of Brexit Transition

    EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.

    July 29, 2020 WebPage Regulatory News
    News

    SRB on Operational Continuity in Resolution and FMI Contingency Plans

    SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.

    July 29, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5604