ESMA issues positive opinion on amended RTS 1 and 2
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today issued a positive Opinion on the European Commission’s (EC) review of the regulatory technical standards – RTS 1 equity and RTS 2 non-equity transparency – on pre-trade and post-trade transparency requirements under the Markets in Financial Instruments Regulation (MiFIR).
This review will contribute to establishing a clearer transparency regime as it introduces amendments and technical adjustments aimed at improving the quality of the transparency information to be published and ultimately improving data aggregation.
The general objective of the reviewed RTS 1 and 2 is to clarify and improve the pre- and post-trade transparency regime for equity and non-equity instruments, in particular in view of the establishment of a consolidated tape.
Next steps
The Opinion is submitted officially to the EC who will have three months to endorse the reviewed RTS. A second review of RTS 1 and RTS 2 is planned after the end of the on-going dialogue on the MiFIR review by co-legislators.
Further information:
Dan Nacu-Manole
Communications Officer
✆ +33 (0)1 58 36 52 06