Anna Carrier’s Post

#ESMA #MiFIR #MiFID ! ESMA published new documents ! MiFIR Review - Consultation Package 3 | technical advice (Section 3), RTS 1 (Section 4), the RTS on input/output data for shares and ETFs CTP (Section 8) and the flags under RTS 2 ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they: - respond to the question stated; - indicate the specific question to which the comment relates; - contain a clear rationale; and - describe any alternatives ESMA should consider. ESMA will consider all comments received by: 30 September 2024. Best regards Hartmut Renz You will find more information here: https://lnkd.in/epAHsmyM

With revised #MiFIR coming into effect today 28 March - ESMA clarifies application of certain MIFIR provisions, including volume cap European Securities and Markets Authority (ESMA) have published a statement, including practical guidance supporting the transition and the consistent application of the revised MiFIR. The statement covers guidance on equity transparency and non-equity transparency; the systematic internaliser (SIs) regime; designated publishing entities (DPEs); and reporting. View documents here https://lnkd.in/ehBfHx_Y #investments #MiFIDII #financialregulation

-> ESMA -> !!! MiFIR-Review !!! ESMA updates guidance under the MiFIR Review The European Securities and Markets Authority (#ESMA), the EU’s financial markets regulator and supervisor, has published updates to the Q&As on transparency and market structure issues, the Manual on post-trade Transparency and the Opinion on the assessment of pre-trade waivers considering #MiFIR Review Transitional Provisions. ESMA is providing further practical guidance on the provisions following the statement from last March on the transition for the application of the #MiFIDII/MiFIR Review, to reflect the changes introduced. The amendments are published with the objective of contributing to the smooth transition and consistent application of MiFIR, and complements the clarifications on the applicable MiFIR Review (Level 1) and Technical Standards (Level 2) provisions provided in the Interactive Single Rulebook (#ISRB) earlier this year. Best regards Hartmut For more details pls see: https://lnkd.in/eXqsR9-n

🔊 European Securities and Markets Authority (ESMA) will host an Online Public Hearing on the MiFIR Review 📅 Date: Friday, 28 June 2024 The European Securities and Markets Authority (ESMA) is hosting an important public hearing to discuss revised rules following the MiFIR review. 🕘 Morning Session (9:00 - 12:00): - Review of RTS 2 on transparency for bonds, structured finance products, and emission allowances - Draft RTS on reasonable commercial basis - Review of RTS 23 on the supply of reference data 📚 More details available in the Consultation Package published on 21 May 2024. 🕐 Afternoon Session (13:00 - 16:30): - Technical Standards for Consolidated Tape Providers (CTP) and other Data Reporting Services Providers (DRSP) - Assessment criteria for the CTP selection procedure 📚 More details available in the Consultation Package published on 23 May 2024. This hearing will provide stakeholders with a comprehensive understanding of the proposed rules before the deadline for written comments on both consultation packages, set for 28 August 2024. 🔗 For more information and to participate, visit the ESMA website. #ESMA #MiFIR #DRSP https://lnkd.in/eTv2p-sr

📌 ESMA Publication on MiFIR: Practical Guidelines and Clarifications ESMA released a statement on Wednesday, March 27, containing practical guidelines aimed at supporting the transition and consistent application of the revised Markets in Financial Instruments Regulation (MiFIR). 🔗 Link to the announcement: https://lnkd.in/daANTs88 #ESMA #MiFIR #FinancialMarkets #Regulation #EU

In the recent Market Watch 78 Newsletter, FCA highlights the significance of accurate Instrument Reference Data (IRD) and best practices for submitting it. Here are the key takeaways:  – Accurate IRD is essential for effective market oversight and transparency data submitted under various regulations.  – Entities submitting IRD must have processes to identify and rectify incomplete or inaccurate data promptly.  – Firms should ensure accurate submission of issuer LEIs, using trading venues' LEIs as a last resort.  – Trading venues and systematic internalisers must promptly notify regulators of incomplete or inaccurate IRD.  – Breach notifications should be submitted to the Markets Reporting Team, ensuring regulatory compliance and further regulatory scrutiny if necessary. Overall, the newsletter emphasises the importance of data accuracy, timely reporting, and compliance with regulatory requirements in IRD submissions to facilitate effective market oversight. Stay informed and ensure your firm is following best practices. #FCA #MiFIR #MiFIDII #InstrumentReferenceData #HedgeFunds

WSBI-ESBG is delighted to share an important simplification achieved through collaborative efforts in the financial sector! ESBG, in partnership with other financial associations, has successfully advocated the European Securities and Markets Authority (ESMA) to take this decision regarding the deprioritization of supervisory actions related to the obligation of publishing RTS 28 reports. 📢 ESMA's recent issuance of a Public Statement on "Deprioritisation of supervisory actions on the obligation to publish RTS 28 reports in light of the agreement on the MiFID II/MiFIR review" reflects the request made collectively by the industry. 👉 In practical terms, until the forthcoming transposition of the new Directive in all Member States, NCAs are expected to de-emphasize supervisory actions concerning the periodic reporting obligation for RTS 28 reports. 🔍 It's imperative to note that while the reporting obligation is being phased out, firms must remain steadfast in adhering to best execution requirements, underscoring our unwavering commitment to transparency and investor protection. Read our former positions regarding Consumer Finance: https://lnkd.in/eqjeNRmF #FinancialRegulation #IndustryAdvocacy #MiFIDII 📩 Ines Scacchi

-> ESMA -> !!! MiFIR Review !!! #ESMA launches new consultations under the #MiFIR Review The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched two consultations on transaction reporting and order book data under the Markets in Financial Instruments Regulation (MiFIR) Review. ESMA is seeking input on the amendments to the regulatory technical standards (#RTS) for the reporting of transactions and to the RTS for the maintenance of data relating to orders in financial instruments. These RTS are relevant to enhance the information available to stakeholders by improving, simplifying and further harmonising data reporting requirements.  The implementation of the revised standards should also result in an overall reduction of the reporting burden for market participants that are subject to different reporting regimes. After reviewing the feedback received, ESMA will publish a final report and submit the draft technical standards to the European Commission (EC) by the end of Q2 2025. Best regards, Hartmut Renz You will find more details about this consultation here: https://lnkd.in/e-YcUwqd  

On 3 October 2024, the European Securities and Markets Authority (ESMA) launched two consultations to revise RTS 22 on transaction data reporting under Art. 26 of Regulation 600/2014/EU (MiFIR) and RTS 24 on order book data under Art. 25 of MiFIR, in light of the amendments made to Art. 25 and 26 MiFIR by Regulation 2024/791/EU (the MiFIR Review). Commission Delegated Regulations 2017/590/EU (RTS 22) and 2017/580/EU (RTS 24) are relevant to enhance the information available to stakeholders by improving, simplifying and further harmonising data reporting requirements. Relevant stakeholders are invited to submit their responses regarding the matters and questions covered by the consultation paper (CP) by 3 January 2025. ESMA will consider the feedback received in Q4 2024, and expects to publish a final report and to submit the revised draft RTS to the European Commission for endorsement by the end of Q2 2025. 🌐 Read ESMA's press release at: https://lnkd.in/eeTJSsCU 📑 Access ESMA's Consultation Paper at: https://lnkd.in/e4KwhtVq 🖥 Submit your response to the consultation at: https://lnkd.in/eQ9jj3ph #ESMA #Consultation #MiFIR #MiFIRReview #RTS #TransactionDataReporting #OrderBookData

Malta, MFSA - Updates Consultation Document on Proposed Additional Provisions for the Covered Bond Framework....Reference Number: 06-2024, Expiry Date: 11 November 2024 https://lnkd.in/eurzGM5c Circular to Credit Institutions on the 2025 Single Resolution Fund (“SRF”) Ex-Ante Contribution - Data Reporting Form (“DRF”) The Malta Financial Services Authority is issuing another communication in connection with the calculation of ex-ante contributions to the Single Resolution Fund (“SRF”) pursuant to Article 70 of Regulation (EU) No 806/20141 (“SRMR”) and based on the methodology prescribed in the Commission Delegated Regulation (EU) 2015/632 (“CDR”) and Council Implementing Regulation (EU) 2015/813 (“CIR”). The 2025 ex-ante contributions cycle will start with the collection of data from the institutions in scope of Article 2 SRMR. The data reported by credit institutions (“institutions”) shall form the basis of which the SRB will calculate individual ex-ante contributions. In this respect institutions are required to provide the information necessary for the calculation by completing the Data Reporting Form (“DRF”), in compliance with the uniform data formats and representations as established by the SRB and included in the DRF. https://lnkd.in/eEqDDM3d To stay updated with regulatory change, subscribe to Reg Intel illumini.ai #Malta #MFSA #Regulatorychange #Compliance