Anne Plested Regulation at ION Markets
It seems there’s to be no early MiFID II Christmas present as agreement on the Level 1 text slips into 2014. Publication of the final text is now hotly anticipated to be in January or February next year at the latest, to avoid running into the European parliamentary elections in May. Thereafter, as ESMA gets to grips with the tasks ahead, 2014 wi...
20 December 2013 /regulation
ESMA’s work on the single rule book for EU financial markets, set out in its 2014 work programme, shows the bulk of MiFID II/MiFIR deliverables falling into the last quarter. With the Level 1 text still expected to be agreed by the end of 2013, the revision of MiFID and MAD will then unfold into advice, technical standards and guidelines over the...
09 October 2013 /regulation
As well as enjoying the calm remains of the sunshine before the storm of the MiFID II regulatory debate returns in September, it’s time to sharpen up those pencils ready for a new term. Over the next few months the draft directive and regulation that have been with us for nigh on two years are expected (finally) to evolve to become the new reality...
22 August 2013 /regulation
Hurrah! Looks like the Council of the EU has finally agreed a common approach on MiFID II/MiFIR after 18 months of negotiations. Subject to EU formalities next week, yesterday’s agreement comes just two weeks before Ireland hands the Council presidency on to Lithuania. The trilogue process – European Commission vs European Parliament vs Council ve...
14 June 2013 /regulation
The latest published version of MiFIR is narrowing waivers, while widening its impact. Specifically, it has added a double cap limit to the pre-trade transparency reference price waiver. Limitations that may apply to the 4 existing waivers continue to evolve even as the Irish presidency of the Council of the European Union enters its final month b...
03 June 2013 /regulation
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