ESMA consults on MIFID II standards regarding trading suspensions, data service providers and derivatives reporting
The European Securities and Markets Authority (ESMA) has published a consultation paper (CP) on the remaining draft implementing technical standards (ITS) under MiFID II on which ESMA has not yet consulted.
This CP covers the following: (1) the suspension and removal of financial instruments from trading on a trading venue, (2) the notification and provision of information for data reporting services providers (DRSPs) and (3) the weekly aggregated position reports for commodity derivatives, emission allowances and derivatives thereof.
The last section of the CP provides the text of the (1) draft ITS 1 – Draft implementing technical standards on format and timing of the communications and the publication regarding the suspension and removal of financial instruments from trading on a Regulated Market, an MTF or an OTF, (2) draft ITS 2 – Draft implementing technical standards under Article 61(5) of Directive 2014/65/EU and (3) draft ITS 3 – Draft implementing technical standards on the format and timing of weekly position reports.
This consultation runs until 31 October 2015. ESMA will use the input received to finalise its draft implementing technical standards which will be sent for endorsement to the European Commission on 3 January 2016. MiFID II/ MiFIR and its implementing measures will be applicable from 3 January 2017.
2015/1301 Consultation Paper
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