Evasion concerns hamper Mifid package trade fix

Esma working on package trades, but "too premature" to discuss a solution

esma-building
Esma: too soon to say how packages will be treated

European transparency rules could spell the end for popular package trades comprised of liquid and illiquid legs, market participants warn - but regulators worry the industry's proposed solution will make it easier to evade the regime's disclosure requirements.

The European Securities and Markets Authority (Esma) is currently calibrating liquidity definitions for the second Markets in Financial Instruments Directive (Mifid II) - a process that will ultimately determine whether certain

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here