The Association for Financial Markets in Europe has responded to a discussion paper on Transparency and a position paper on MiFID key council proposals.

In relation to the Transparency Paper, the AFME state that its members support the regulatory intention to carry out work ”in a way that is as open and accountable as possible” and welcome the general approach to increased transparency in areas such as product information, the manner in which the regulator carries out its functions and the effectiveness of that regulatory activity. The AFME has set out responses to the individual questions posed.

In relation to MiFID Key Council Proposals, AFME has issued responses in relation to reference price waivers; approach to calibration; trading obligation for equities; own capital and matched principal.