The latest Presidency compromise text on the Markets in Financial Instruments Regulation (MiFIR), dated 4 June, expands on the circumstances in which open access to a central counterparty (CCP) must be granted, and also inserts new provisions on indirect clearing arrangements and on the order data that trading venues must maintain. The text of the accompanying Directive (MiFID 2) has not undergone substantial changes. (Source: MiFIR Compromise Text, 4 June and MiFID 2 Compromise Text, 4 June)