The European Commission’s approval under the EU Merger Regulation takes the London Stock Exchange Group one step closer to its mammoth $27 billion Refinitiv take-over.
Tag: European Commission
The majority of industry bodies and market participants will most likely focus their feedback on the settlement penalties and the buy-in components of CSDR.
Various industry associations have welcomed the UK’s equivalence decisions in a move that aims to provide certainty to firms.
After confirming plans to adopt a time-limited equivalence decision in July, the European Commission has said equivalence for UK CCPs will now end in mid-2022.
MiFID II unbundling and best execution reporting requirements will be scaled back under new recovery package from the European Commission.
The probe into LSEG’s takeover of Refinitiv has been halted by the European Commission while it awaits the delivery of requested data from both institutions.
As the European Commission finalises EMIR 2.2, it has confirmed a temporary equivalence decision for UK CCPs from January 2021.
The endorsement comes two months after the ESMA stated it would postpone enforcing the CSDR settlement discipline regime following an industry-wide lobby.
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
London Stock Exchange Group chief says Refinitiv deal is on track to close in the second half of the year, as annual results read well for bourse.