On June 30, 2015, ESMA published final draft implementing technical standards and RTS on requirements for: (i) the authorization of investment firms, including template forms; (ii) requirements for passport notification, including template forms and procedures; (iii) information for registration with ESMA of third country firms; (iv) the format of information to be provided by third country firms to their EU clients on the submission of disputes to the jurisdiction of a court or arbitral tribunal in a Member State; and (v) cooperation between national regulators including the exchange of information. ESMA is required to prepare the ITS and RTS under the Markets in Financial Instruments Regulation and Directive, which will apply from January 3, 2017. ESMA will provide the remaining technical standards to the European Commission before the end of 2015.

ESMA’s report is available at: http://www.esma.europa.eu/news/ESMA-publishes-Final-Report-draft-technical-standards-MiFID-II-and-MiFIR?t=3 26&o=home