ESMA publishes the MiFID/MiFIR Annual Review Report

23 July 2020

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ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-publishes-mifidmifir-annual-review-reporthttps://www.esma.europa.eu/press-news/esma-news/esma-publishes-mifidmifir-annual-review-report
Retrieved on: 
Thursday, July 23, 2020
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Financial markets, Financial regulation, Finance, Money, Systemic risk, European Union, Markets in Financial Instruments Directive, European Securities and Markets Authority, Esma, Request for quote
Summary
Key Points: 
  • 23 July 2020

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has published today the MiFID/MiFIR Annual Review Report under Commission Delegated Regulation (EU) 2017/583 (RTS 2).

  • This report lays down the thresholds for the liquidity criterion 'average daily number of trades' for bonds, as well as the trade percentiles.
  • In the report, ESMA is suggesting to the European Commission to move to the next stage for:

    These measures are designed to increase the transparency available to market participants in the bond market.

  • ESMA considers such move premature since the first annual transparency calculation for these non-equity instruments will only be published this year.
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