The Futures Industry Association (“FIA”) and FIA Europe issued their second special report in a series that covers technical advice and consultation documents by the European Securities Markets Authorities (“ESMA”) on MiFID II regulations.
The special report provides an overview of ESMA’s proposals in its Consultation Paper, including the draft Regulatory Technical Standards on the trading obligation for derivatives, as well as ESMA’s proposals concerning the definition of “liquid market” in relation to the transparency requirements for derivatives.
The MiFID II regulations will become effective on January 3, 2017.
See: Second Special Series Report.
Related news: FIA and FIA Europe Issue First in a Series of Special Reports Regarding Summaries of ESMA MiFID II Regulations (January 16, 2015).