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) 2021/7.III.1:7.III.1 A national equity post-trade transparency approach
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/7.III.1
7.III.1 A national equity post-trade transparency approach
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS267293:1
- Vakgebied(en)
Financieel recht / Bank- en effectenrecht
Financieel recht / Europees financieel recht
Financiële dienstverlening / Financieel toezicht
Deze functie is alleen te gebruiken als je bent ingelogd.
As noted, the ISD upheld a strict dichotomy between (a) RMs and (b) investment firms (MTFs and SIs did not yet exist). The ISD post-trade transparency obligations only applied to RMs. Investment firms were not subject to the ISD post-trade transparency regime.1 As a consequence, post-trade transparency regulation for investment firms was entirely a matter of national regulation (national law and/or NCAs).2