The European Parliament published its report on 25 April 2016, proposing a regulation to delay the implementation of MiFID II until 3 January 2018.
ESMA proposed to amend draft MiFIR standards on transaction reporting, taking collateral transfers out of the scope the transaction reporting obligation in Article 26 MiFIR. ESMA issued a report on 4 May 2016.
EMSA issued two opinions proposing amendments to its draft Regulatory Technical Standards (RTSs) on 2 May 2016. ESMA proposes to revise the RTS on non-equity transparency – which includes requirements in respect of bonds, structured finance products, emission allowances and derivatives – and the RTS on the methodology for the calculation and application of position limits for commodity derivatives. These opinions have been issued following the initial rejection of ESMA’s RTS’ by the European Commission on 20 April.
Read the associated press release 'ESMA Amends MiFID II Standards on Non-Equity Transparency and Position Limits'