RTS 6, which deals with algorithmic trading firms, is expected for release this week
Market experts have offered mixed
reactions to the latest set of Mifid II regulatory technical
standards (RTS) released on Friday, arguing more clarity is
needed on the controversial European reforms.
Regulation experts and legal experts have
expressed cautious optimism, but also emphasised the challenges
ahead with the sweeping regulatory package.
"I have been through the RTS, particularly
RTS 7, which deals with organisational requirements for trading
venues, and although I'm pleased they have been released,
the objection/comment period is three months, so honestly,
there is little to cheer about. Whilst the three month period
does not necessarily mean that there will be any objections, it
won't be until mid-October until these are finalised," Sam
Tyfield, partner at law firm Vedder Price, told FOW.
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