|
The ESMA published on 28 September 2015 its final technical standards on some of the most important pieces of post-crisis financial regulation: the Markets in Financial Instruments Directive, the Market Abuse Regulation and the Central Securities Depositaries Regulation. ESMA’s TS translate how the legislation will apply in practice to market participants, market infrastructures and national supervisors. The new technical standards will alter the functioning of European financial markets by increasing their transparency, safety and resilience as well as investor protection.
Steven Maijoor, ESMA Chair, said: "The rules put out by ESMA today on MiFID II, MAR and CSDR will notably change the way Europe’s secondary markets function. And this will no doubt impact market...
|