MiFID II and MiFIR: stricter rules for the EU financial markets. Issue 2 (3rd July 2017)

• Record Type: Journal Article
• Authors: Busch, Danny
• Is Part Of: Law and financial markets review. Volume 11:Issue 2/3(2017)
• Page Start: 126
• Page End: 142
• Publication Date: 2017-07-03
• Subjects: MiFID II -- MIFIR -- EU financial markets -- regulated market -- Multilateral Trading Facility (MTF) -- Organised Trading Facility (OTF) -- systemic internalisation -- pre-trade transparency -- post-trade transparency -- transaction reporting -- data services providers -- approved publication arrangement (APA) -- consolidated tape provider (CTP) -- approved reporting mechanism (ARM) -- concentration of trading -- shares -- derivatives -- position limits -- position management powers -- commodity derivatives -- reporting obligations; Finance -- Law and legislation -- Periodicals; Finance -- Periodicals; 346.0905
• DOI: 10.1080/17521440.2017.1412060
• Languages: English
• ISSNs: 1752-1440

Abstract

Abstract : This article analyses and discusses the new MiFID II and MiFIR rules for the EU financial markets. In particular, it analyses the concepts "regulated market", "Multilateral Trading Facility" (MTF), "Organised Trading Facility" (OTF) and "(systemic) internalisation". It also discusses (i) pre-trade and post-trade transparency, (ii) transaction reporting, (iii) data services providers, (iv) concentration of trading, (v) position limits, and (vi) position management powers in the case of trading in commodity derivatives and reporting obligations.