The European Commission now has three months to formally endorse the rules
The European Securities
and Markets Authority (Esma) has released the finalised
regulatory technical standards for Markets in Financial
Instruments Directive (MiFID II), the Market Abuse Regulation
(MAR) and the Central Securities Depositories Regulation
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 participants and regulators alike. The magnitude of this
change should not be underestimated."
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