Europe

Further analysis is required once the review of the FX Global Code of Conduct is finalised before spot FX is included under the market abuse rules, ESMA has said.  

After confirming plans to adopt a time-limited equivalence decision in July, the European Commission has said equivalence for UK CCPs will now end in mid-2022.

Fears of a second wave of coronavirus infection in Europe has forced the markets regulator to renew tighter reporting on short selling activities. 

Following increased market volatility earlier this year, statistics from big xyt have shown August ADVT sank below €40 billion for the first time in more than two years.

The European regulatory watchdog has seemingly countered claims that unbundling has harmed research coverage and quality.  

The Worldwide Business Research event originally due to take place in Paris will be available virtually on the 20 and 21 October.

ESMA has made several recommendations in its report on the MiFID II review, but a poll from Rosenblatt Securities suggests the buy-side is not quite on the same page as the regulator.

The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.

MiFID II unbundling and best execution reporting requirements will be scaled back under new recovery package from the European Commission.