The European Commission has adopted a Delegated Regulation supplementing MiFID II with regard to regulatory technical standards (RTS) specifying information to be notified by investment firms, market operators and credit institutions.
Articles 34(8) and 35(11) of MiFID II empower the European Securities and Markets Authority to develop an exhaustive list of information to be notified to the relevant Member State competent authority by investment firms and credit institutions exercising their rights under the freedom to provide services or the freedom of establishment. The objective of the RTS is to enhance clarity, certainty and predictability in the notification process for investment firms and to facilitate internal process within competent authorities through the use of harmonised documents.
The Commission has also adopted a Delegated Regulation supplementing MiFIR with regard to RTS specifying the obligation to clear derivatives traded on regulated markets and timing of acceptance for clearing.
The Delegated Regulations are subject to scrutiny by the Council of the EU and the European Parliament.
