The European Commission has adopted a Commission Delegated Regulation amending Commission Delegated Regulation (EU) 2017/571 supplementing MiFID II with regard to regulatory technical standards (RTS) on authorisation, organisational requirements and the publication of transactions for data reporting services providers. The amending Delegated Regulation sets out RTS specifying the scope of the consolidated tape for non-equity financial instruments under MiFID II.
The next step will be for the Council of the EU and the European Parliament to consider the Delegated Regulation. If neither of them objects to it, the amending Delegated Regulation will enter into force 20 days after its publication in the Official Journal of the EU. The Delegated Regulation will apply from 3 January 2018, except for:
- Article 15a(4) which will apply from 1 January 2019; and
- Articles 14(2), 15(1), (2) and (3), and 20(b) which will apply from 3 September 2019.