EU approves one-year open access delay for futures exchanges
The European Parliament has confirmed the open access regime will be delayed for a year due to the impact of the coronavirus pandemic.
Tag: ESMA
Exchanges handed open access relief due to COVID-19
ESMA and the FCA have urged trading venues and CCPs to prioritise continuity of their services as the open access regime comes into force in early July.
Short selling bans lifted in Europe
Austria, Belgium, France, Greece, Italy and Spain have decided not to renew bans on short selling after restrictions were put in place in March.
European Commission endorses CSDR push-back
The endorsement comes two months after the ESMA stated it would postpone enforcing the CSDR settlement discipline regime following an industry-wide lobby.
Buy-Side
Buy-side rejects changes to dark trading and SIs under MiFID II review
Initial responses to the MiFID II review consultation reveal that asset managers are keen for a consolidated tape before any major changes to the rules are implemented.
ESMA rejects industry calls for changes to CSDR buy-in regime
Watchdog rejects appeal for an overhaul of key pillars of CSDR from over a dozen concerned trade bodies, including the Investment Association.
Short selling ban extended across Europe
Restrictions in short selling in Austria, Belgium, France, Greece and Spain have been extended despite warnings of unintended consequences.
European Commission sets up industry-wide group to solve clearing challenge for pension funds
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
Continuous lit trading sees boost as traders seek certainty of execution
As traders navigate market volatility, study from Liquidnet finds that continuous lit volumes have jumped in March as percentage traded in auctions declines.
ESMA eases MiFID II best execution reporting requirements
ESMA tells national authorities not to prioritise supervisory action for RTS 27 and RTS 28 reporting under MiFID II amid ongoing coronavirus pandemic.