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) 2021/18.III.2.3:18.III.2.3 Financial instruments
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/18.III.2.3
18.III.2.3 Financial instruments
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266756:1
- 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.
Another factor determining the ‘optimal degree’ of equity pre- and post-trade transparency from the ISD to MiFID II, as well as the regulatory approach (bottom-up versus top-down), has been the type of financial instruments. Different asset classes (i.e. equity versus non-equity) and different sub-asset classes (e.g. shares versus ETFs) resulted in different transparency regimes. Three central aspects for the EU have been (a) liquidity, (b) price formation, and (c) the admission to trading process of the financial instrument.
18.III.2.3.1 Liquidity18.III.2.3.2 Price formation18.III.2.3.3 Admission to trading and other admission criteria