MiFIR and MiFID II: Council adopts rules to support market data transparency
The Council of the European Union has adopted changes to the EU’s trading rules concerning the Markets in Financial Instruments Regulation (MiFIR) and the Markets in Financial Instruments...
Dual disclosure standards for non-equity securities prospectus removed in UK
The Investor Access to Regulated Bonds (IARB) Working Group has highlighted unanimous support of the removal of the dual disclosure standards in prospectuses for...
Volcker repeal plans challenged
Ditching the Volcker Rule would have a limited effect on liquidity, but the enthusiasm for change exists. David Wigan writes.
The Volcker Rule has been...
AFME welcomes political agreement over CSDR mandatory buy-in
The Association for Financial Markets in Europe (AFME) has welcomed political agreement regarding the European Union's refit of the Central Securities Depositories Regulation (CSDR)....
ICMA fills in the blanks on MiFID II agreement
A new article written by the regulatory team at the International Capital Markets Association (ICMA), has shed light on details in the agreed text...
The big changes to watch in fixed income market structure through 2024
Next year will bring new developments in market structure, stemming both from regulatory and political change. The DESK asked Jennifer Keser, head of market...
SEC fines ten broker-dealers US$289m for recordkeeping violations
Ten sell-side firms have been fined a combined US$289 million by the US Securities and Exchange Commission (SEC) for violating recordkeeping provisions.
The...
Major concerns raised about repo
By Flora McFarlane.
Several buy-side practitioners have voiced warnings about the outlook for the ‘broken’ repo market, warning that European regulators needed to address the...
Dark trading limits to apply from March after reporting failures
*Update* The European Securities and Markets Authority (ESMA) will only apply the double volume cap (DVC) mechanism for trading European equities from March 2018,...
Ipreo positive on FCA primary market consultation
By Flora McFarlane.
Primary market platform provider Ipreo has welcomed the consultation on primary markets by UK market regulator the Financial Conduct Authority (FCA).
“The FCA’s...
