ESMA - European Securities and Markets Authority
ESMA - European Securities and Markets Authority
10/03/2024 | Press release | Distributed by Public on 10/03/2024 04:09
ESMA launches new consultations under the MiFIR Review
The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today launched two consultations on transaction reporting and order book data under the Markets in Financial Instruments Regulation (MiFIR) Review.
ESMA is seeking input on the amendments to the regulatory technical standards (RTS) for the reporting of transactions and to the RTS for the maintenance of data relating to orders in financial instruments.
These RTS are relevant to enhance the information available to stakeholders by improving, simplifying and further harmonising data reporting requirements. The implementation of the revised standards should also result in an overall reduction of the reporting burden for market participants that are subject to different reporting regimes.
The consultations are aimed at Market Participants, Trading Venues, and Investment Firms National Competent Authorities (NCA's).
Next steps
ESMA will consider the feedback received to both consultations by 3 January 2025.
After reviewing the feedback received, ESMA will publish a final report and submit the draft technical standards to the European Commission (EC) by the end of Q2 2025.
More information to support stakeholders in this transition is available on this webpage centralising the information published in relation to MiFID II/MiFIR review.
Further information:
Cristina Bonillo
Senior Communications Officer
[email protected]