MiFID2 Mandates
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Article |
Topic
|
Consultations
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Reports
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Article 90(1)(a)
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Functioning of OTFs
|
(25 September 2020) Consultation paper on the functioning of organised trading facilities | Press release
|
(8 April 2021) Final report on the functioning of OTFs | Press release |
Article 90(1)(b)
|
Regime for SME growth markets
NB. Changes proposed as part of 'quick fix'
|
(6 May 2020) Consultation on the functioning of the regime for SME Growth Markets under MiFID and on the amendments to MAR for the promotion of the use of SME Growth Markets | Press release
|
(7 April 2021) Final report on SME Growth Markets | Press release
|
Article 90(1)(c)
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Impact of algorithmic trading requirements
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(18 December 2020) Consultation on algorithmic trading | Press release
|
(28 September 2021) Final report on algorithmic trading | Press release
|
Article 90(1)(d)
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Experience with the mechanism for banning certain products or practices
NB. ESMA ceased renewal of product intervention powers in July 2019
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(30 September 2019) Call for evidence on the effects of product intervention measures regarding CFDs and binary options | Press release
|
No formal report issued
|
Article 90(1)(e)
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Application of sanctions
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No public consultation |
(29 March 2021) Technical advice on the application of administrative and criminal sanctions under MiFID2/MiFIR | Press release
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Article 90(1)(f)
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Commodity derivatives position limits / management
NB. Priority area identified in 2020 Commission consultation; changes proposed as part of 'quick fix'
|
(5 November 2019) Consultation paper on MiFID2 review report on position limits and position management, and Draft Technical Advice on weekly position reports | Press release
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(1 April 2020) MiFID2 Review report on position limits and position management | Press release
|
Article 90(1)(g)
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Development of prices for pre- and post-trade transparency data
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(12 July 2019) Consultation paper on the development in prices for pre- and post-trade data and on the consolidated tape for equity instruments | Consultation webpage
|
(5 December 2019) Review Report on the development in prices for pre- and post-trade data and on the consolidated tape for equity instruments | Press release
|
Article 90(1)(h)
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Impact of inducements and costs and charges disclosure requirements
NB. Priority area identified in 2020 Commission consultation; changes proposed as part of 'quick fix'
|
(17 July 2019) Call for evidence on impact of inducements and costs and charges disclosure requirements | Webpage
|
(31 March 2020) Technical advice to the EU Commission on the impact of the inducements and costs and charges disclosure requirements | Press release
|
Article 90(2)
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Consolidated Tape
NB. Priority area identified in 2020 Commission consultation
|
(12 July 2019) Consultation paper on the development in prices for pre- and post-trade data and on the consolidated tape for equity instruments | Consultation webpage - covered in the same consultation as for Article 90(1)(g) mandate with respect to equity instruments
|
(9 October 2020) Study on the Creation of an EU Consolidated Tape - prepared by Market Structure Partners for the EU Commission
(5 December 2019) Review Report on the development in prices for pre- and post-trade data and on the consolidated tape for equity instruments | Press release
ESMA expected to consult and report with respect of non-equity instruments by March 2021
|
Article 90(4)
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C6 energy derivatives contracts and the clearing obligation
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No public consultation
|
(26 January 2020) Report on C6 energy derivatives contracts and the EMIR requirements | Press release
|
MiFIR Mandates
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Article
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Topic
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Consultations
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Reports
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Article 19(1)
|
Systematic internalisers in non-equity instruments
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(3 February 2020) Consultation paper on MiFIR report on systematic internalisers in non-equity instruments | Press release
|
(16 July 2020) MiFIR report on systematic internalisers in non-equity instruments
|
Article 52(1)-(3)
|
Impact of the transparency obligations including volume cap mechanism
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(10 March 2020) Consultation on the transparency regime for non-equity instruments and the trading obligation for derivatives | Press release
(4 February 2020) Consultation on the transparency regime for equity and equity-like instruments, the DVC and the trading obligations for shares | Press release |
(25 September 2020) Review Report on the transparency regime for non-equity instruments and the trading obligation for derivatives | Press release
(16 July 2020) Review Report on the transparency regime for equity and equity-like instruments, the double volume cap mechanism and the trading obligations for shares |
Article 52(4)
|
Functioning of Article 26 transaction reporting requirements
|
(24 September 2020) Consultation paper on the obligations to report transactions and reference data | Press release
|
(23 March 2021) Review report on the obligations to report transactions and reference data | Press release
|
Article 52(5)
|
Reducing information asymmetries between market participants
|
Forthcoming
|
Report expected: March 2021 (as for consolidated tape)
|
Article 52(6) |
Progress on the DTO |
(10 March 2020) Consultation on the transparency regime for non-equity instruments and the trading obligation for derivatives | Press release - covered in the same consultation as for Article 52(1)-(3) mandate with respect to non-equity instruments |
(25 September 2020) Review Report on the transparency regime for non-equity instruments and the trading obligation for derivatives | Press release - covered in the same report as for Article 52(1)-(3) mandate with respect to non-equity instruments |
Article 52(7)
|
Development in prices for pre-trade and post-trade transparency data from venues and DRSPs
|
(12 July 2019) Consultation paper on the development in prices for pre- and post-trade data and on the consolidated tape for equity instruments | Consultation webpage - covered in the same consultation as for Article 90(1)(g) MiFID2 mandate with respect to equity instruments
|
(5 December 2019) Review Report on the development in prices for pre- and post-trade data and on the consolidated tape for equity instruments | Press release - covered in the same report as for Article 90(1)(g) MiFID2 mandate with respect to equity instruments
|
Article 52(8)
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Interoperability provisions in Article 36 MiFIR and Article 8 EMIR
|
|
Report expected: January 2022 |
Article 52(9)
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FMI access requirements in Articles 35-37 MiFIR and Articles 7 and 8 of EMIR
|
|
Report expected:January 2022 |
Article 52(10)
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Exemption from Article 35 and 36 open access requirements for newly established CCPs
|
|
Report expected: January 2022 |
Article 52(11)
|
Whether the threshold at Article 36(5) MiFIR remains appropriate
|
|
Report expected: January 2022 |
RTS 1 and 2
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Implementing measures for the transparency regime
|
(1 September 2020) Call for evidence on RTS 1 and 2 review - closed 31 October 2020
(9 July 2021) Consultation paper | Press release - closed 1 October 2021
|
(28 March 2022) Final report on the review of RTS 1 (equity transparency) | Final report on the review of RTS 2 (non-equity transparency) | Press release |