EU Equity pre- and post-trade transparency regulation: from ISD to MiFID II
Einde inhoudsopgave
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/12.II.4.2:12.II.4.2 Protocols
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/12.II.4.2
12.II.4.2 Protocols
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266409:1
- Vakgebied(en)
Financieel recht / Bank- en effectenrecht
Financieel recht / Europees financieel recht
Financiële dienstverlening / Financieel toezicht
Toon alle voetnoten
Voetnoten
Voetnoten
CESR, Public Consultation: Publication and Consolidation of Market Transparency Data, October 2006 (CESR/06-551), p. 21.
CESR, Feedback Statement: Publication and Consolidation of MiFID Market Transparency Data, February 2007 (CESR/07-086), p. 10.
CESR, Feedback Statement: Publication and Consolidation of MiFID Market Transparency Data, February 2007 (CESR/07-086), p. 10.
Deze functie is alleen te gebruiken als je bent ingelogd.
Another aspect of technical accessibility concerned the data protocols, that is – the data communication standards (language) used to transmit the information to another party.1 MiFID I covered no rules on protocols. CESR supplemented the MiFID I text. CESR did not mandate the use of specific protocols. The reason here was that CESR believed that the industry was better placed to select the preferred protocols at this point in time.2 While problems of different protocols were mostly acute in the area of new entrants to publication services, CESR encouraged all entities – new and old – to consider open protocols when systems changes would be made. The aim here was to avoid influencing competition by setting similar CESR standards for new and old entities.3