EC agrees to apply tick size regime to SIs, but with an amendment
European Commission agrees to extend the tick size regime to SIs, as long as it is limited to shares and depositary receipts only.
Tag: ESMA
Buy side
Financial firms searching for control amid Brexit chaos
With less than a year until the United Kingdom is due to officially depart from the European Union, Hayley McDowell examines where the financial services industry stands in the swirling Brexit chaos as the clock ticks down to 29 March 2019.
ESMA mulls applying tick size regime on third countries as Brexit looms
Third country instruments may have to comply with tick size regime as ESMA looks to protect venues inside the European Union.
Buy-side warned about free-trial periods for research under MiFID II
ESMA lays out rules for free-trial periods and investment firms are excepted to keep a record that they have been met.
ESMA delays systematic internaliser regime for derivatives
SI calculations for derivatives will now be published on 1 February 2019 as ESMA blames incomplete and insufficient data.
ESMA warns UK firms planning to relocate over ‘no deal’ Brexit
European regulator warns market participants over authorisation deadline for Brexit relocation.
Buy side
MiFID II: Six months in and what’s changed?
The TRADE looks at how the industry has adapted to the new trading environment and the major issues facing market participants following the implementation of MiFID II six months ago.
ESMA denies pension funds extended clearing exemption
Pension funds will have to begin clearing OTC derivatives contracts on 17 August 2018, despite calls for a third extension.
Regulation
Steven Maijoor: ESMA to target periodic auctions and SI regime
ESMA chair Steven Maijoor says watchdog is carrying out a ‘fact-finding’ exercise on periodic auctions and highlights competitive advantage for SIs.
MiFID II LEI grace period to end on 2 July
ESMA confirms there will be no extension to the six-month grace period implemented just two weeks before MiFID II went live on 3 January this year.