Tag Archives: MIFID II

E.U. – ESMA MiFID II Transparency FAQ

On 29 May 2020, ESMA issued FAQ on transparency, market structures. ESMA updated FAQs on MiFID II and MiFIR transparency and market structures topics. Follows ESMA Decemebr 2019 FAQs on transparency and market structures. SSTI and LIS Thresholds Provide clarification on following topics: default liquidity status, SSTI, LIS thresholds of non-equity instruments; publication of transactions in…
Read more

E.U. – ESMA MiFID II Double Volume Cap

On 7 April 2020, EU ESMA issued updated public register with latest DVC dataset as per MiFID II, calculations for period 1 March 2019 to 29 February 2020 plus other updates. The number of new breaches is 46:37 equities for the 8% cap, applicable to all trading venues, and 9 equities for the 4% cap,…
Read more

E.U. – ESMA MiFID Investor Protections

On 1 April 2020, EU ESMA issued advice on inducements, costs, charges disclosures. EU CMSN is encouraged to conduct some further analysis on the topic of inducements. Changes proposed to regime mainly at improving client understanding of inducements. Regarding costs and charges disclosure, ESMA found the MiFID II disclosure regime generally works well, and that…
Read more