A delay of the controversial buy-in rule continues to be considered, but without any action, unrest is setting in among market participants as deadline for implementation looms.
Incoming chair has been promoted to the position after serving as executive director at ESMA for the last decade.
According to Cboe Europe’s head of equities, ESMA and the UK are aligned in their approach to how venues should communicate outages to ensure market resiliency.
The markets regulator has set out proposed changes to streamline current MiFID II reporting requirements under RTS 27 and RTS 28.
Delay suggested to avoid a collision with the final EC legislative proposal for the review of CSDR and the expected entry into force of the current CSDR settlement discipline regime.
The fine relates to eight breaches of the regulation surrounding the trade repository’s failure to ensure the integrity of data and give regulators direct and immediate access.
Figures from ESMA show penalties issued in relation to breaches of MiFID II by regulators in Europe rose from €1.8 million in 2019 to €8.4 million in 2020.
The European Securities and Markets Authority fined DTCC for seven data infringements relating to European Market Infrastructure Regulation (EMIR).
EU regulator says it plans to consult this summer on equity transparency after issues relating to the granularity and accuracy of its data were highlighted by a new report.
According to Oxera and the Association for Financial Markets in Europe (AFME), 83% of European equity trading takes place on venues, contrary to recently published data.