On 12 December 2018, the European Commission adopted a Delegated Regulation amending and correcting Commission Delegated Regulation (EU) 2017/587 supplementing MiFIR with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of shares, depositary receipts, exchange-traded funds, certificates and other similar financial instruments and on transaction execution obligations in respect of certain shares on a trading venue or by a systematic internaliser (Delegated Regulation (EU) 2017/587).
Regulation (EU) 2016/1033 removes securities financing transactions from the scope of the transparency provisions for trading venues and systematic internalisers. The amending Delegated Regulation removes references to securities financing transactions from Delegated Regulation (EU) 2017/587. In addition, the amending Delegated Regulation corrects certain provisions in Delegated Regulation (EU) 2017/587 which diverge from the draft regulatory technical standards on which that Regulation is based.
The amending Delegated Regulation will enter into force on the 20th day following its publication in the Official Journal of the European Union. The Delegated Regulation will now be considered by the European Parliament and Council of the EU.