Regulation and compliance

Global

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EU

  • 29 May 2024 – On 28 November 2023, the European Commission published a Delegated Regulation and an Annex which modifies Article 39 and 62 of Commission Delegated Regulation 153/2013 which supplements the European Markets Infrastructure Regulation with regard to regulatory technical standards on requirements for central counterparties. Article 39 is amended to

On 23 May 2024, the European Securities and Markets Authority (ESMA) published a consultation paper setting out proposed amendments to certain technical rules concerning commodity derivatives, as mandated by the recently adopted amendments to the Markets in Financial Instruments Directive II (revised MiFID II). By way of background the revised MiFID

On 23 May 2023, the European Securities and Markets Authority (ESMA) published for consultation its second package of Level 2 measures under the recently revised Markets in Financial Instruments Regulation (revised MiFIR). We wrote about the first package of measures in our earlier blog note. The second package of Level

On 22 May 2024, the Financial Stability Board (FSB) published a report on Enhancing the Functioning and Resilience of Commercial Paper and Negotiable Certificates of Deposit Markets. The report forms part of the FSB’s work programme on enhancing the resilience of non-bank financial intermediation and follows up on the 2021 FSB report with policy

On 21 May 2024, the European Securities and Markets Authority (ESMA) published a consultation paper on the review and development of a package of regualtory technical standards (RTS) under the recently revised Markets in Financial Instruments Regulation (MiFIR). For a comprehensive overview of the recent changes introduced to the

Global

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EU

  • 20 May 2024 – On 30 April 2024, the European Securities and Markets Authority published the results of the annual transparency calculations for non-equity instruments, bond liquidity data and quarterly systematic internaliser calculations under MiFID II and MiFIR. For this period, there are currently 1,371 liquid bonds subject to MiFID II transparency

On 13 May 2024, the European Parliament’s Economic and Monetary Affairs Committee published its report on the proposed Regulation on a framework for Financial Data Access (FIDA Regulation).  

On 18 April 2024, the European Parliament issued a press release stating that the ECON had adopted a report on the proposed FIDA Regulation.

On 2 May 2024, there was published in the Official Journal of the EU, a Commission Notice on the interpretation and implementation of the transitional provision laid down in Regulation (EU) 2024/791 amending MiFIR as regards enhancing data transparency, removing obstacles to the emergence of consolidated tapes, optimising the trading obligations and prohibiting receiving payment

On 30 April 2024, the European Securities and Markets Authority (ESMA) published the results of the annual transparency calculations for non-equity instruments, bond liquidity data and quarterly systematic internaliser (SI) calculations under MiFID II and MiFIR.

Annual transparency calculations for non-equity instruments

The results of the annual transparency calculations for non-equity

In the latest instalment of our Regulation Around the World series, Financial Services partners in over 10 jurisdictions review recent steps that financial services regulatory authorities have taken as regards investment research.

Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream