{"id":22763,"date":"2026-07-03T11:25:28","date_gmt":"2026-07-03T09:25:28","guid":{"rendered":"https:\/\/www.amafi.fr\/?p=22763"},"modified":"2026-07-03T11:28:29","modified_gmt":"2026-07-03T09:28:29","slug":"revision-of-mifid-ii-and-mifir-2","status":"publish","type":"post","link":"https:\/\/www.amafi.fr\/en\/revision-of-mifid-ii-and-mifir-2\/","title":{"rendered":"Structure of European Equity Markets"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In its latest consultation on market structure, ESMA examines the evolution of equity markets against the backdrop of<strong> profound changes<\/strong>since MiFID I, including the opening up of markets to competition, technological innovations, the diversification of execution methods, and the emergence of new investor needs.<\/p>\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.amafi.fr\/pdf-viewer\/?id=22758\">In its response, AMAFI<\/a> emphasizes that:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>The fragmentation of the European stock market is no accident: it is the result of policy choices made since MiFID I to promote competition and innovation.<\/li>\n\n\n\n<li>The debate must refocus on the public interest: price quality, price formation, market integrity, resilience, and the sovereignty of European oversight.<\/li>\n\n\n\n<li>The current data do not allow for any conclusions at this stage: a longer analysis period is needed, volatility must be taken into account more effectively, and the accuracy and quality of the reported data must be improved.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">AMAFI also warns that any premature reform could drive liquidity out of the EU, even though the latest MiFIR revision has not yet taken full effect.<\/p>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its latest consultation on market structure, ESMA examines the evolution of equity markets against the backdrop of profound changessince [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":20061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":""},"categories":[122],"tags":[],"class_list":["post-22763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/22763","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\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/comments?post=22763"}],"version-history":[{"count":3,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/22763\/revisions"}],"predecessor-version":[{"id":22768,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/22763\/revisions\/22768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/media\/20061"}],"wp:attachment":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/media?parent=22763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/categories?post=22763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/tags?post=22763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}