On October 5, the European Commission (the Commission) published the text of an Implementing Regulation, laying down Implementing Technical Standards (ITS) with regard to procedures and forms for an exchange of information and cooperation under Articles 24 and 25 of the Market Abuse Regulation (MAR) (the Implementing Regulation).
Continue Reading European Commission Adopts New Standards for Cooperation Under MAR
MiFID II: ESMA Publishes Final Report on Third-Country Firm Regime
Posted in EU Developments, Financial Markets
On September 28, the European Securities and Markets Authority (ESMA) published its final report (Final Report), accompanied by draft regulatory and implementing technical standards (RTS and ITS) on the provision of investment services and activities in the European Union (EU) by third-country firms under the Markets in Financial Instruments Directive (MiFID II) (600/2014) and the associated Markets in Financial Instruments Regulation (MiFIR).
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MiFID II: FCA Publishes Regulatory Forbearance on the 10 Percent Depreciation Rule
Posted in EU Developments, Financial Markets
On October 1, The European Securities and Markets Authority (ESMA) issued a statement relative to its approach to the application of the Markets in Financial Instruments Directive (MiFID) and Markets in Financial Instruments Regulation (MiFIR) following the end of the Transition Period on December 31 provided for in the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union (EU) and the European Atomic Energy Community (Withdrawal Agreement).
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ESMA Publishes Consultation Paper on Draft ITS under Regulation on Cross-Border Distribution of Funds
Posted in EU Developments, Financial Markets
On March 31, the European Securities Markets Authority (ESMA) published a consultation paper on draft implementing technical standards (ITS) under the Regulation on the cross-border distribution of funds (the Consultation Paper).
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ESMA Publishes Standards and Guidance for Securitization Repositories Under the Securitization Regulation
Posted in EU Developments, Financial Markets
On November 13, the European Securities and Markets Authority (ESMA) published a number of documents relating to the implementation of the EU Securitization Regulation, supporting the new European framework for securitizations:
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MiFID II Delegated Regulation and Implementing Technical Standards Published
By Neil Robson on
Posted in EU Developments, Financial Markets
The revised Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) call for multiple implementing technical standards (ITS) and delegated regulations to provide legislative details not contained within the text of MiFID II and MiFIR. Several of these were recently published:
- On June 12, the European Commission (EC) adopted
…
ESMA Publishes Revised Draft ITS on MiFID II Position Reporting
By Neil Robson on
Posted in EU Developments, Financial Markets
On February 9, the European Securities and Markets Authority (ESMA) published a revised draft implementing technical standards (ITS) on position reporting under the revised Markets in Financial Instruments Directive (MiFID II).
The ITS were originally published in 2015. Since then, ESMA has identified a number of technical amendments necessary for the correct functioning of the…