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Kirston Winters

2021: Brexit, no equivalence and the day of the SEF

The transitional period ended on 31 December with no relief for European Union (EU) firms on the derivatives trading obligation (DTO) from the European Commission (EC) and only limited adjustments fro...

21 Jan 2021
John Cant

Will MiFID research arrangements change again?

I have been doing some informal polling on impact of the EU's latest proposed changes to the existing MiFID II Research regime across various forums in the last few days. As you probably know, these c...

01 Sep 2020
Konstantin Rabin

Unbounding exemptions for MIFID II and benefits for SMEs

The unbounding exemptions for MIFID II have mostly to do with the costs of research services from asset management companies. Due to the very clear monetary difference between the services provided by...

04 Jun 2020
Anne Plested

Wider adoption of MMT encouraged

The Securities and Markets Stakeholder Group (SMSG) recently advised ESMA to promote wider adoption of the Market Model Typology (MMT) post-trade data standards. The SMSG, which facilitates consulta...

29 Apr 2020
Konstantin Rabin

What Does 2020 Mean for MiFID II?

There have been many changes within the economic landscape in Europe and the United Kingdom since the first agreement that launched the Markets in Financial Derivatives (MiFID) protocols in 2007 were ...

28 Apr 2020
Konstantin Rabin

ESMA introduces TC-CCP classification system - Another move to block risky trades?

The European Securities and Markets Authority has introduced a new system that will classify Third Country Central Counterparties according to tiers. The tiers will be assigned to the CCPs according ...

15 Nov 2019
John Cant

Easy to say, but hard to deliver

I attended the Substantive Research Unbundling Uncovered MiFID research conference this week. The panels at this event were made up of a mix of market participants and vendors. The mix made for some e...

13 Nov 2019
Ivy Schmerken

U.S. to Study Effects of MiFID II Research Unbundling

U.S. lawmakers authorized a study focusing on the provision of investment research for small issuers, a sign they are wary of the U.S. adopting the European Union’s MIFID II unbundling rules which hav...

31 Jul 2019
Ivy Schmerken

MiFID II Research Unbundling Spreads Uncertainty to the U.S

Eighteen months after MiFID II rules to unbundle research payments from executions have been in force in Europe, U.S. asset managers are dealing with uncertainty around paying for research and how to ...

15 Jul 2019
Mete Feridun

EU prudential regime for investment firms - what's the state of play?

The new EU prudential regime for investment firms is expected to be published in the EU Official Journal towards October 2019 and to take effect around mid-2021. The regime introduces a tailored prude...

08 Jul 2019

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