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.1.2.1:8.II.1.2.1 Venues
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/8.II.1.2.1
8.II.1.2.1 Venues
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266641:1
- 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 scope of MiFID I platforms was broader than the previous regime (ISD) when it came to post-trade transparency obligations. The ISD post-trade transparency regime applied only to RMs.1 New under MiFID I was that the post-trade transparency obligations also applied to MTFs (and investment firms operating outside RMs and MTFs). MTFs were not covered by the ISD. The MiFID I post-trade transparency obligations were similar for RMs and MTFs. This is not surprising, since RMs and MTFs represented (and still represent) the same organized trading functionality.2