Europe’s share trading obligation has proved controversial as the UK Brexit transition period is due to end on 31 December.
Three UK clearing houses will be recognised as third country CCPs under EMIR while the European Commission’s temporary equivalence decision is in place.
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.
Fears of a second wave of coronavirus infection in Europe has forced the markets regulator to renew tighter reporting on short selling activities.
The European regulatory watchdog has seemingly countered claims that unbundling has harmed research coverage and quality.
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.
Advanced discussions are underway among EU regulators to propose a delay, The TRADE understands, though confirmation of this could still be months away.
Steven Maijoor has now served the maximum term as chair of ESMA and will step down on 31 March 2021.
The European Parliament has confirmed the open access regime will be delayed for a year due to the impact of the coronavirus pandemic.