On July 31, the European Securities and Markets Authority (ESMA) published data for the systematic internaliser (SI) quarterly calculations for equity, equity-like instruments, bonds and, for the first time, other non-equity instruments under the revised Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation.
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MiFID II
London Weekly Fireside Chat
Katten hosts a weekly, 15-minute fireside chat podcast series on notable UK and European developments from the prior week’s Corporate & Financial Weekly Digest. This week, Carolyn Jackson covers the Commodity Futures Trading Commission’s approval of the final cross-border swaps rule, including a discussion of the CFTC’s revised rules applicable to non-US swap dealers…
ESMA Updates Transparency Opinions for Third-Country Trading Venues Under MiFID II
Posted in EU Developments, Financial Markets
On July 28, the European Securities and Markets Authority (ESMA) published an updated version of its opinion on determining third-country trading venues (TCTVs) for the purpose of post-trade transparency under the revised Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) (the Opinion).
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London Weekly Fireside Chat
Posted in Financial Markets, UK Developments
Katten hosts a weekly 15-minute fireside chat podcast series on notable UK and European developments from the prior week’s Corporate and Financial Weekly Digest. In this week’s edition, Nathaniel Lalone lauds the potential “game-changer” of allowing more clearinghouses to open deposit accounts at the Fed, while Carolyn Jackson notes the successful launch of Securities Financing Transactions Regulation (SFTR) reporting and European Securities and Markets Authority’s (ESMA) updated opinion on the MiFID II “ancillary exemption.” Special guest Chris Collins walks through updated European Commission Brexit notices which, in his view, are useful preparatory checklists for affected firms.
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ESMA Publishes Reports on the MiFID II/MiFIR Transparency Regime
Posted in EU Developments, Financial Markets
On July 16, the European Securities and Markets Authority (ESMA) published two reports that review the key provisions of the MiFID II/MiFIR transparency regime (the Reports).
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London Weekly Fireside Chat
Posted in Financial Markets, UK Developments
Katten hosts a weekly, 15-minute fireside chat podcast series on notable UK and European developments from the prior week’s Corporate and Financial Weekly Digest. In this week’s edition, Neil Robson addresses the September reopening of the UK’s Temporary Permissions Regime registration window for EU/ EEA firms, Carolyn Jackson tackles the updates to ESMA’s Q&As on…
ESMA Updates Aspects of MiFIR and MiFID II
Posted in EU Developments, Financial Markets
On July 7, the European Securities and Markets Authority (ESMA) published its updated results of the annual transparency calculations for a limited number of equity and equity-like instruments as required under MiFIR and MiFID II (the Calculations).
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ESMA Updates Q&As on CSDR, EMIR, MiFID II and MiFIR
Posted in EU Developments, Financial Markets
On July 8, the European Securities and Markets Authority (ESMA) published updates to a number of Q&As in respect of various European Union (EU) regulations as set out below:
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FCA Statement on Amendments to MiFID II Position Limits
On June 16, the UK Financial Conduct Authority (FCA) published a statement setting out the changes it has made to a number of position limits for commodity derivative contracts traded on ICE Futures Europe (the Statement).
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ESMA Updates MiFID II Q&As on Market Structures
Posted in EU Developments, Financial Markets
On May 29, the European Securities and Markets Authority (ESMA) published an updated version of its Q&As on MiFID II and MiFIR market structures topics (the Q&A).
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