Technical issue sees ESMA delay crucial MiFID II systematic internaliser data
Systematic internaliser data due to be published on 30 April has been delayed by the European markets regulatory after a technical issue.
Regulation
Industry slams regulatory ploy to shift trading volumes to lit venues
Market participants at TradeTech have agreed that trading volumes have failed to shift to lit venues under MiFID II, but the regulation has led to unintended positive developments in the form of periodic auctions.
Unpicking the research unbundling conundrum
Over one year since the separation of payments for execution and research was introduced via MiFID II in Europe, Hayley McDowell examines the unintended consequences of unbundling for buy- and sell-side institutions and finds an industry still coming to terms with the change.
Linear Investments loses appeal against £400k FCA fine for market abuse
Linear Investments insisted that no instances of market abuse went undetected or unreported, but FCA says oversight of surveillance systems was insufficient.
Fraction of buy-side firms ready for uncleared margin rules
SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
Clash on Brexit share trading rules could see further UK-EU regulatory divergence
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
Goldman Sachs fined £34m for over 200 million MiFID transaction reporting errors
Goldman Sachs is handed largest penalty to date by the FCA after the watchdog found errors in more than 200 million transaction reports.
LSEG’s UnaVista TRADEcho gains approval for EU and UK reporting
UnaVista TRADEcho will provide MiFID II and EMIR reporting in the EU and the UK.
ESMA sparks concern with share trading Brexit plans
Major UK stocks including Vodafone and Coca-Cola would have to be traded within the EU in ‘no-deal’ Brexit scenario under the share trading obligation.
UBS fined £27.6 million for MiFID reporting failures
The FCA hands UBS largest MiFID transaction reporting fine to date after more than 130 million reports were found to be inaccurate.