25 October 2016


Retired Member

1,977Posts 6,439,003Views 2,303Comments
Finextra community

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

MiFID 2-MiFIR: agreement reached on legislative texts

28 January 2014  |  1396 views  |  0

An agreement in principle at EU level has been reached on the revised Market in Financial Instruments Directive and associated Regulation (MiFID 2/MiFIR).  Key elements of the agreed new rules include:

  • the introduction of a market structure framework which closes loopholes and ensures that trading, whenever appropriate, takes place on regulated platforms.  This introduces an obligation for shares as well as for derivative instruments (which are eligible for clearing under the European Markets Infrastructure Regulation) to be traded on regulated platforms in accordance with G20 commitments;
  • increased equity market transparency and establishment of a principle of transparency for non-equity instruments like bonds and derivatives.  This broadens the pre and post trade transparency regimes to include non-equity instruments and making such data available to the public;
  • strengthened supervisory powers.  These provide competent authorities with the power to limit the size of a net position which may be held in commodity derivatives and introduce position reporting obligations by category of trader;
  • improved conditions for competition in the trading and clearing of financial instruments.  This provides a harmonised EU regime for non-discriminatory access to trading venues and central counterparties;
  • the introduction of trading controls for algorithmic trading activities;
  • stronger investor protection.  This includes better organisational requirements emphasising client asset protection, product governance and strengthening the role of the management bodies of firms;
  • more effective and harmonised administrative sanctions.  A harmonised system of strengthened regulatory cooperation to improve effective detection of breaches; and
  • a harmonised regime for granting access to EU markets for third country firms.  This is based on an equivalence assessment of third country jurisdictions by the European Commission.

 Related link:



Comments: (0)

Comment on this story (membership required)

Latest posts from Retired

Fintech innovation in the B2B space has only just begun

12 September 2016  |  10716 views  |  1 comments | recomends Recommends 0 TagsPaymentsInnovation

Protecting Data with DLP

23 August 2016  |  5039 views  |  0 comments | recomends Recommends 0 TagsSecurityBrexit

How to end what ails online commerce

22 August 2016  |  4593 views  |  2 comments | recomends Recommends 0 TagsPaymentsTransaction banking

What internet retailers need to know about Google’s recent webspam report

08 August 2016  |  8289 views  |  0 comments | recomends Recommends 0 TagsPayments

Modelling fixed income: Why realtime analytics are key

29 July 2016  |  5267 views  |  0 comments | recomends Recommends 0 TagsPost-trade & ops

Retired's profile

job title
member since 2014
Summary profile See full profile »

Retired's expertise

What Retired reads
Retired writes about

Who's commenting on Retired's posts

Hardeep Singh
Ketharaman Swaminathan
Graham Seel
Gerard Hergenroeder
Konstantin Rabin
Matt Schofield
Anna Robert
Ian Davis
Steve Patel
Aparty Behera
Karim Maalouf