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Anne Plested

Regulation
ION Markets
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Anne Plested

The evolving global impact of MiFID II

Last week, the U.S. Securities and Exchange Commission announced an extension of their no-action letter regarding the European Union’s investment research rules. This extension helps both SEC regulated brokers and their European counterparts to the ultimate benefit of EU investors. In Europe, significant industry progress has been made in managin...

12 November 2019 /regulation

Anne Plested

Catch 22: The share trading obligation

MiFID II refined the definition of OTC trading for equities, making it more difficult for firms to trade away from recognised trading venues or outside of a systematic internaliser (SI). Introduced in 2018, the so-called share trading obligation (STO) effectively wrapped more regulation and transparency around EU share trading. As a consequence, t...

15 August 2019

Anne Plested

Time runs out on Swiss equivalence

Over the weekend, the stock market equivalence granted to Switzerland by the European Commission expired. The limited-period equivalence, which was given in December 2017 and extended to 30 June 2019, has run out. Despite Swiss beliefs that all the conditions are still met for recognition by the EU, there was no letup in the EU’s resolve to see thi...

02 July 2019 /regulation

Anne Plested

EU financial transaction tax proposal lives on

Back in 2011, the European Commission proposed a common European financial transaction tax (FTT). Despite several postponements and a general lack of support across the EU, a co-operation of member states – including France, Germany, and Spain – remain determined to implement the tax. As per the progress report submitted last week to the European...

21 June 2019 /regulation

Anne Plested

ESMA sheds light on OTC trade reporting under No-Deal

ESMA has released a statement which amongst other things includes clarification for EU investment firms that they will have to publish their OTC trades via an EU APA if a UK counterparty is involved. Whilst in Europe this approach may serve to ensure post-trade transparency within the EU27, it is also true that the UK counterparty could be requir...

07 March 2019 /regulation

Anne writes about

  • regulation & compliance
  • markets

Anne's opinion archive

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