The European Securities and Markets Authority (ESMA) has published a consultation paper which complements the transparency section of their December 2014 consultation paper on the Markets in Financial Instruments Directive (recast) (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR). The consultation paper should be read in conjunction with the December 2014 consultation paper and the related Annex B.
The consultation paper cover the following non-equity asset classes:
- foreign exchange derivatives;
- credit derivatives;
- other derivatives; and
- contracts for difference.
The deadline for responses to the consultation paper is 20 March 2015. ESMA will use the input received to finalise its draft regulatory technical standards which will be sent for endorsement to the European Commission in mid-2015.
View Addendum Consultation Paper, 18 February 2015