{"id":18492,"date":"2024-10-09T02:00:00","date_gmt":"2024-10-09T00:00:00","guid":{"rendered":"https:\/\/amafi.dev39.fr\/?p=18492"},"modified":"2024-11-19T18:21:16","modified_gmt":"2024-11-19T17:21:16","slug":"mifid-review","status":"publish","type":"post","link":"https:\/\/www.amafi.fr\/en\/mifid-review\/","title":{"rendered":"MiFID Review"},"content":{"rendered":"<p>As part of the MiFID II and MiFIR review, ESMA has drawn up Level 2 measures on which it is holding consultations. Key areas of focus include equity market transparency (still underway), non-equity market transparency (<a href=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-51\" title=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-51\" target=\"_blank\" rel=\"noopener\"><em>AMAFI \/ 24-51<\/em><\/a><u>)<\/u>, the consolidated tape <em>(<\/em><a href=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-50\" title=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-50\" target=\"_blank\" rel=\"noopener\"><em>AMAFI \/ 24-50<\/em><\/a>), commodities (<a href=\"https:\/\/www.amafi.fr\/download\/pages\/JPCkslBTYGdIKDt07FRLZco9FG7q8Q9AI5eqgyF7.pdf\"><em>AMAFI \/ 24-<\/em><\/a><a href=\"https:\/\/www.amafi.fr\/download\/pages\/JPCkslBTYGdIKDt07FRLZco9FG7q8Q9AI5eqgyF7.pdf\"><em><u>49<\/u><\/em><\/a>), a reasonable commercial basis for the cost of market data (<a href=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-51\" title=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-51\" target=\"_blank\" rel=\"noopener\"><em>AMAFI \/ 24-51<\/em><\/a>) and reference data (RTS 23) (<a href=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-53\" title=\"https:\/\/amafi.fr\/sitesearch\/fr?search=24-53\" target=\"_blank\" rel=\"noopener\"><em>AMAFI \/ 24-53<\/em><\/a>).<\/p>\n<p>Given the Commission President&rsquo;s keenness to simplify the regulatory framework and promote a competitive European economy, AMAFI stressed three major points in its consultation feedback:<\/p>\n<ul>\n<li>The goal must always be to make European regulations simpler, not more complicated.<\/li>\n<li>Changes mean investments &ndash; sometimes substantial &ndash; for firms but also for regulators, making it important to assess whether they are appropriate.<\/li>\n<li>New standards, even at Level 2, must factor in EU competitiveness, especially relative to the United Kingdom, which has embarked on a broad-based review of its market rules.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>As part of the MiFID II and MiFIR review, ESMA has drawn up Level 2 measures on which it is [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":""},"categories":[122],"tags":[],"class_list":["post-18492","post","type-post","status-publish","format-standard","hentry","category-non-classifiee"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/18492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/comments?post=18492"}],"version-history":[{"count":2,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/18492\/revisions"}],"predecessor-version":[{"id":18748,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/18492\/revisions\/18748"}],"wp:attachment":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/media?parent=18492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/categories?post=18492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/tags?post=18492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}