Tag: ESMA

The decision follows an agreement reached by the European Union and Parliament concerning the Mifid/Mifir review in June last year.

Market participants have until 29 April to provide comments; ESMA will publish its final report in Q4 2024.

The regulators have paid special attention to the implementation of pre-trade controls in the EU since the 2022 flash crash having gathered evidence from a sample of investment firms prior to this launch.

European Securities and Markets Authority (ESMA) does not expect to authorise a consolidated tape provider (CTP) for bonds until Q4 2025; Financial Conduct Authority (FCA) has effectively met its commitment to have a regime for a UK CT in place by 2024.

Letter from UK Accelerated Settlement Taskforce chair says lessons need to be learned from the US move in May, with final report delayed to Q1, as previously revealed by The TRADE's sister publication Global Custodian.

Progressive penalties would increase with the length of the settlement fail as EU watchdog seeks industry input.

Views come as UK expected to reveal shorter timeframe for T+1 switch than European counterparts.

European regulator launches a call for evidence to assess the impact of a shorter settlement cycle on the continent; final report scheduled for Q4 2024.

Developed following an observable lack of uniform rules around the relatively new asset class, ESMA is seeking input on MiCA’s proposed rules for crypto-asset service providers.

As part of the opinion, venues should consider offering members an “order book purge” in the case where orders are compromised, ESMA has concluded.