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ICMA responds to ESMA markets in financial instruments consultation

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Published on: 16 June 2020

Published by LNB News

LNB News 16/06/2020

Document Information

Issue Date: 16 June 2020

Published Date: 16 June 2020

Jurisdiction(s): United Kingdom

Article summary

The International Capital Market Association (ICMA) has responded to a European Securities and Markets Authority (ESMA) consultation paper regarding Directive 2014/65/EU and Regulation (EU) 600/2014, both on markets in financial instruments (MiFiD and MiFiR respectively). ESMA hoped to receive feedback on the effective application of transparency rules, and whether the MiFiD/MiFiR provisions had satisfied their objectives. ICMA’s response details the concerns of its members, including most notably pre- and post-trade transparency, verifiable data sets and resultant data and liquidity assessment methodology.

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