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) 2021/8.II.2.1:8.II.2.1 Goal
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/8.II.2.1
8.II.2.1 Goal
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS267029:1
- 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 I enabled RMs and MTFs to defer post-trade transparency publication under certain conditions. The rationale of post-trade transparency deferral was to avoid the impairment of liquidity.1 Deferral of post-trade transparency obligations would encourage the provision of liquidity to the market by giving investment firms trading on the RM or MTF some time to lay off their position. Without deferral other market participants could take harmful positions relative to the investment firms taking a risk position.2