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) 2021/17.III.4:17.III.4 Background
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/17.III.4
17.III.4 Background
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266755:1
- 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.
The MiFID II requirement to supply MiFID II equity pre- and post-trade data on a reasonable commercial basis is not new. Already under MiFID I the legal concept of providing MiFID I equity pre- and post-trade data on a reasonable commercial basis was in place.1 The main difference is that MiFID II provides a substantial increase in detail on what the legal concept of a ‘reasonable commercial basis’ constitutes. The legislative history can be divided in Level 1 and Level 2 measures.
17.III.4.1 Level 1: a tighter regime for a reasonable commercial basis17.III.4.2 Level 2: specifying the tighter regime