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.V:17.V MiFID II review
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/17.V
17.V MiFID II review
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266967:1
- Vakgebied(en)
Financieel recht / Bank- en effectenrecht
Financieel recht / Europees financieel recht
Financiële dienstverlening / Financieel toezicht
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MiFID II requires the Commission, after consulting ESMA, to present a report to the European Parliament and the Council on various provisions. Among these provisions is the development in prices for equity pre- and post-trade data from RMs, MTFs, APAs and CTPs (and OTFs).1 ESMA has published a review report in December 2019. The ESMA MiFID II Review is based on feedback from market participants, representing data users, trading venues and data vendors, as well as the advice from the Securities and Markets Stakeholder Group (SMSG).2 The Commission published a consultation on the review of the MiFID II framework in February 2020. At this point in time, the ESMA MiFID II Review is the most detailed assessment of EU equity pre- and post-trade data prices. The sections below therefore emphasise the ESMA MiFID II Review (not: the Commission’s MiFID II Consultation).
17.V.1 Overall developments17.V.2 Providing data on a disaggregated basis17.V.3 Providing data on a reasonable commercial basis17.V.4 Making available data free of charge 15 minutes after publication17.V.5 Concluding remarks