On 28 July 2021, ESMA issued MiFID/MiFIR annual review report on RTS 2. ESMA published MiFID II/MiFIR Annual review report under EC reg 2017/583 (RTS 2). Follows ESMA May 2021 sought input on RTS 2 annual review report. Recommendations ESMA suggests to the European Commission to move to stage 3 for the average daily number…
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Greece – HCMC MiFID II Compliance Role
On 7 June 2021, GRE HCMC announced compliance with ESMA guidelines. GRE HCMC announced it incorporated ESMA guidelines on certain aspects of MiFID II requirements regarding regulatory compliance function in its supervisory practice. The guidelines are available on its website in section Institutional Framework/Union Law/Recommendations-ESMA guidelines. Follows ESMA issued ESMA35-36-1952 translated into official languages.
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E.U. – ESMA FAQs on UCITs, SFTR, Reporting
On 28 May 2021, ESMA issued FAQs on UCITs, SFTR reporting and others. ESMA announced updated questions and answers on a number of topics. Updated FAQs AIFMD; UCITS; EMIR implementation; MiFID II and MiFIR investor protection topics. Also on MiFIR data reporting topics; SFTR reporting; on implementation of CSDR. And on sustainability-related disclosures for benchmarks;…
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Croatia – HANFA MIFID Compliance Function
On 20 May 2021, CRO HANFA adopted ESMA compliance function guidelines. CRO HANFA management board decided to comply with ESMA guidelines on certain aspects of MiFID requirements re compliance function during 18th session of 20 May 2021. Follows EU ESMA June 2020 guidelines on MiFID compliance function. Overview Guidelines apply to competent authorities and specific…
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Ireland – CB Adopt MiFID Regulation
On 28 April 2021, IRE GVT issued amendment to EU (Markets in Financial Instruments) Regulations to implement EU Dir 2020/1504, effective 10 November 2021. Provides that the regulations do not apply to crowdfunding service providers.
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E.U. – ESMA Agreed MiFID II Position Limits
On 13 January 2021, ESMA issued MiFID II commodity derivatives opinions. ESMA issued opinions on position limits for commodity derivatives under MiFID II, MIFIR, for EEX Phelix DE Power Base and EEX Phelix DE/AT Power Base contracts. Opinions ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and…
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