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In its consultation for changing RTS 1, published yesterday, ESMA suggests that the tick size regime should also be extended to Systematic Internalisers. I don’t want to discuss whether it is a sensi...
So, MiFID I, you turn 10 today. Happy Birthday! That’s an excellent reason to pause and celebrate a little. When you first arrived markets were dominated by national stock exchanges with little or no ...
Investment managers and brokers both lose unless they resolve differences by the MiFID II deadline Repapering of terms under MiFID II is potentially a massive problem for the buy-side. This issue is ...
Recording the execution decision maker is a new requirement under MiFID II. Working out how to populate that field turns out to be trickier than expected. Take a buy-side that gives strict execution i...
Getting re-papered under the terms of MiFID II will test the relationships between dealer and asset manager. All the terms of business, policies and procedures that banks and broker dealers have with ...
The upcoming implementation of the second iteration of the Markets in Financial Instruments Directive (MiFID II) is without doubt one of the most talked-about topics in the finance industry this year....
Introduction The genesis of the Client suitability and appropriateness framework lies in Markets in Financial Instruments Directive (MiFID II) regulation. MiFID II is scheduled to be implemented in J...
When ESMA announced in late 2016 that the quantitative threshold assessment under the MIFID II Systematic Internaliser (SI) regime would commence from 1st September 2018, rather than 3rd January 2018,...
In April of 2018 European investment firms will be required to publish their first ever disclosures about quality of trade execution, under the guidance of MiFID II's RTS 28. At first glance, one migh...
MiFID II seemed so far away when it was pushed back until January 3rd 2018!! This has been a long time coming, and despite the looming deadline, firms are still trying to work out what they need to d...
MiFID came into effect in 2007 – under the current regime, buyside firms are typically not required to publish trades and real-time public reporting (“trade reporting”) is handled by trading venues an...
With only four months to go until the MiFID II’s Jan. 3, 2018 implementation date, buy-side firms are facing huge changes in disclosure and transparency requirements, which could upend their data mana...