ESMA makes recommendations for Organised Trading Facilities under MiFID II/MiFIR

08 April 2021

Metadata
Provider: 
ECEC
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-makes-recommendations-organised-trading-facilities-under-mifid-iimifirhttps://www.esma.europa.eu/press-news/esma-news/esma-makes-recommendations-organised-trading-facilities-under-mifid-iimifir
Retrieved on: 
Friday, April 9, 2021
Information
Tags: 
Financial markets, Feminine given names, Finance, Financial regulation, Directive 2014/65/EU, European Union, Systemic risk, European Securities and Markets Authority, Esma, RSRCHXchange
Summary
Key Points: 
  • 08 April 2021

    MiFID - Investor Protection

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its Final Report on the functioning of Organised Trading Facilities (OTFs).

  • The report contains recommendations and possible amendments to MiFID II/MiFIR with a view to reducing the level of complexity for market participants and making the legal framework more effective.
  • While some proposals can be implemented by ESMA directly by publishing ESMA guidance, other recommendations are addressed to the European Commission (EC).
  • In this context, ESMA puts forward a two-step approach aiming at clarifying the trading venue perimeter.
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