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) 2021/9.II.1.1:9.II.1.1 Goal
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/9.II.1.1
9.II.1.1 Goal
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266582:1
- 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.
MiFID II subjects RMs and MTFs to a post-trade transparency regime for equity instruments. The rationale behind the post-trade transparency obligations is to achieve a high degree of transparency. The high degree of transparency is to ensure investors are adequately informed as to the true level of actual transactions in equity instruments. The high degree of transparency should also ensure that the price discovery of particular equity instruments traded on RMs and MTFs is not impaired by the fragmentation of liquidity and investors are thereby not penalized.1 A similar reasoning was in place under MiFID I.2