• BaFin extended current transparency regime for a further year, until 1 January 2020.

Overview

• MiFIR requires post-trade reporting in real-time/as quickly as technically possible.
• But allows national supervisory authorities to authorize publication at a later date.
• In January 2018, BaFin allowed publication at a later date.
• The regime was due to end 1 January 2019, but is now extended until 1 January 2020.

Decrees

• General decree authorizing the subsequent publication of transactions in non-equity instruments in trading venues operated by an investment services enterprise.
• General decree authorizing the subsequent publication of OTC non-equity instruments by investment services firms.
• General decree permitting the subsequent publication of equity instrument transactions in trading venues operated by an investment services enterprise.

December 2019 Extension

• On 17 December 2019, GE BaFin extended current regime for extra year until 1 January 2021.
• Published general decree allowing the later publication of transactions in non-equity instruments on trading venues operated by an investment services company.
• General decree to allow later publication of OTC transactions in non-equity instruments by investment services companies.
• General decree allowing the later publication of transactions in equity instruments on trading venues operated by an investment services company, all in effect 2 January 2020.