The European Securities and Markets Authority (ESMA) has released its third public consultation package for the Markets in Financial Instruments Regulation (MiFIR) review. Covering five main aspects of regulatory changes, the consultation is a part of a larger effort to facilitate the implementation of a consolidated tape in the EU.
The five areas covered include amendments to the rules on equity transparency; volume cap circuit breakers; the new implementing technical standard (ITS) on systematic internalisers (SIs); input and output data around the equity consolidated tape provider (CTP); and flags for non-equity transparency.
Comments are to be submitted by two dates: 15 September for technical advice, on equity transparency, input and output data for the CTP, and flags for non-equity transparency, and 15 October for SI ITS and volume cap circuit breakers.
