ESMA has published Implementing Technical Standards regarding the implementation of the Market in Financial Instruments Directive. ESMA’s ITS translate how the legislation will apply in practice to market participants, market infrastructures and national supervisors.
The rules ESMA is delivering today on MiFID II specify standard forms, templates and procedures which are to be used in the future in the following areas:
• cooperation arrangements for trading venue of substantial importance in a host Member State;
• suspension and removal of financial instruments from trading on a Regulated Market (RM), a Multilateral Trading Facility (MTF) or an Organised Trading Facility (OTF);
• authorisation of data reporting services providers;
• position reporting and weekly position reports;
• cooperation between competent authorities in supervisory activities, on-site verifications, and investigations and for the exchange of information;
• consultation of other competent authorities prior to granting an authorisation; and
• submission of information on sanctions and measures.
Draft ITS
© ESMA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article