ESMA updates MiFID II Q&As on post-trading issues
The European Securities and Markets Authority (ESMA) has today updated its Question and Answers (Q&As) on post-trading issues regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The updated Q&A includes a new answer in relation to the segregation level for indirect clearing accounts.
MiFID II will enter into application on 3 January 2018 and will strengthen the protection of investors by both introducing new requirements and strengthening existing ones.
The purpose of this Q&A is to promote common supervisory approaches and practices in the application of MiFID II/ MiFIR for post-trading topics, providing responses to questions posed by the general public, market participants and competent authorities in relation to the practical application of MiFID II/MiFIR requirements.